Board/Management Information • Dec 5, 2025
Board/Management Information
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OTOVO ASA – Mandatory Notification of Trade
Oslo, 5 December 2025
Reference is made to the stock exchange notice published by Otovo ASA (the "Company" or "Otovo") on 6 November 2025 regarding a combination agreement entered into with Onvis inc., whereby the Company will acquire up to all issued and outstanding shares in Onvis inc. against newly issued shares in Otovo (the "Consideration Shares"). Reference is further made to the stock exchange announcement published by the Company regarding the extraordinary general meeting held earlier today whereby all proposals on the agenda were adopted, including issuance of the Consideration Shares.
Today, the board of directors of the Company resolved to appoint William Jackson Berger as new CEO, Jennifer Santoscoy as new CFO, Eleanor Gilbane as General Counsel, and Andreas Thorsheim as new CPO. Following the resolution, the appointed individuals are considered as primary insiders of the Company. In connection with the appointment as new CEO, William Jackson Berger was granted the right to receive shares in the Company upon achieving certain milestones.
Previous Otovo Group executives, Ida Groth and Simen Fure Jørgensen, will take on other roles in the Company and will no longer be primary insiders.
The resolution by the board of directors and the extraordinary general meeting's approval of issuance of the Consideration Shares entails that all conditions for the allocation of Consideration Shares to primary insiders in the Company and close associates to such primary insiders have been fulfilled and thus triggering a mandatory notification of trade obligation. For more information about the allocation of Consideration Shares and the right to receive shares to primary insiders and close associates see the attached mandatory notification of trade.
This information is subject of the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
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For further queries, please contact:
William J. (John) Berger, Chief Executive Officer
Email: [email protected]
Andreas Thorsheim, Chief Product Officer
Email: [email protected]
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About Otovo: For homeowners, Otovo is the easiest way to get solar panels on the roof, and batteries in the home. Otovo is a marketplace that organises hundreds of local, high quality and qualified energy installers. The company uses its proprietary technology to analyse the potential of any home and finds the best price and installer for customers based on an automatic bidding process between available installers.
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