Asker, Norway, 12 January 2023 

 

Cambi ASA ("the Company") has decided to establish a share-based incentive
program ("Restricted Share Unit Plan") for key personnel employed by the
company.  

 

The purpose of the share-based incentive program ("RSUP") is to encourage
employees to maintain a deep, long-term engagement in the company, through a
further alignment of the employees' interests with those of other shareholders.
The RSUP will also enhance the Company's ability to attract and retain
employees. 

 

Restricted share units ("RSUs") purchased by key personnel on 12 January 2023: 


Key Personnel

o	Eirik Fadnes*, Chief Executive Officer (Primary Insider), 200,000 RSUs
purchased with a total new share holding of 1,463,889*

o	Mats Tristan Tjemsland, Chief Financial Officer (Primary Insider), 200,000
RSUs purchased with a total new share holding of 200,000

o	Luis Soler, Chief Operational Officer (Primary Insider), 200,000 RSUs
purchased with a total new share holding of 353,500

o	Andreas Lillebø**, Chief Technology Officer (Primary Insider), 200,000 RSUs
purchased with a total new share holding of 200,000

o	Lars-Petter Traa, Chief Commercial Officer (Primary Insider), 200,000 RSUs
purchased with a total new share holding of 350,000

o	Maarten Kanters, Managing Director Cambi Invest (Primary Insider), 200,000
RSUs purchased with a total new share holding of 365,000

o	Martine Opstad Sunde, Chief People & Culture (Primary Insider), 200,000 RSUs
purchased with a total new share holding of 200,000

o	Hans Rasmus Holte, Chief Engineer, 200,000 RSUs purchased with a total new
share holding of 821,650

o	Tord Harald Finstad, Managing Director Cambi Services, 200,000 RSUs purchased
with a total new share holding of 350,000


* Directly and indirectly through EFC Havn AS 

** Owns 20 per cent of the shares in Cortex AS, which in turn owns 59.35 per
cent of Cambi ASA. 
 

 

The purchased RSUs will vest on the following deadlines: 

For 1/3 of the shares, after two years. 

For 1/3 of the shares, after three years. 

For 1/3 of the shares, after four years.  

 

The RSUs were purchased from the Company at a price per share of NOK 4.32,
determined on the basis of the volume weighted average listed price of the
shares in the Company during the five-days period ending on the 12 January 2023,
less a 20% discount in order to cater for value reducing terms associated with
the RSUs (including vesting period).   

 

On 20 December 2022, the Cambi ASA Extraordinary General Meeting (EGM) passed a
resolution authorizing the Board of Directors to provide financial assistance
through loans to the employees in connection with the RSU purchase. The total
loan amount granted from the Company under the RSPU is NOK 6,994,145. 

 

Following the purchase of 1,800,000 RSUs by key personnel, the Company owns
10,870 of own shares.  

 

 

For more information, please contact: 

Mats Tristan Tjemsland, CFO, +47 920 67 094, mats.tjemsland@cambi.com 

  

 

This information is subject to the disclosure requirements pursuant to Article
19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian
Securities Trading Act. 

 

 

About Cambi: 

Cambi is a global biogas technology and solutions supplier for wastewater
treatment plants and anaerobic digestion facilities. Since 1992, Cambi has
retained market leadership through continuous innovation and a robust portfolio
of proven and patented technologies. With strong project delivery and customer
support capabilities, the company has delivered many well-performing
installations in 26 countries on six continents. 

Cambi's thermal hydrolysis process increases renewable energy output, reduces
operational costs, and minimises greenhouse gas emissions. It is suitable for
all biosolids outlets, including land application and thermal processes such as
drying, pyrolysis, and incineration. Thermal hydrolysis is compatible with all
sludge and waste treatment regulations and easy to integrate at new and existing
anaerobic digestion sites. 

Cambi is listed on Euronext Growth Oslo, a multilateral trading facility part of
Euronext, the largest stock exchange platform in Europe. Find out more at
cambi.com.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange