14/09-2018 08:02:25: (NAPA) Napatech A/S : Issue of Share Options
COPENHAGEN, Denmark, September 14, 2018 - Napatech(TM) (OSLO: NAPA.OL), today announced that the Board of Directors of Napatech A/S has decided to issue share options to key employees in the Company.
The Board's decision was made in accordance with the shareholder authorization for the Board adopted as Article 7.3 and Article 7.4 of the articles of association and as approved at a Board meeting on September 7, 2018.
The authorization from the shareholders in 2017 and 2018 was for a total of 940.000 share options. A total of 779,600 share options have been issued for subscription of up to 779,600 shares of a nominal value of DKK 0.25 at an exercise price of NOK 5.00 per share.
Under the 2017 and 2018 programs, the following are awarded:
Ray Smets, CEO, will receive 400,000 share options, and holds after this a total of 400,000 share options and nil shares.
Flemming Andersen will receive 50,000 share options, and holds after this a total of 81,200 share options and 163,404 shares.
Jarrod Siket, CMO, will receive 45,000 share options, and holds after this a total of 195,000 share options and nil shares.
Ken Way, CSO, 45,000 share options, and holds after this a total of 155,000 share options and nil shares.
Heidi Thisgaard 10,000 share options, and holds after this a total of 10,000 share options and nil shares.
Other key employees will receive in total 229,600 share options
For more information, please contact:
Ray Smets, CEO
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Napatech A/S via Globenewswire
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