COPENHAGEN, Denmark, 13 June 2024 - Napatech (OSLO: NAPA.OL) today announces
that the board of directors has decided to issue share options to key employees
in the company.
The board's decision was made in accordance with the authorization under article
7.10 of the Articles of Association.
A total of 530,000 share options have been issued, which, when vested and
subject to the terms of the Share Option and Incentive Program 2024, grants the
holders the right to subscribe for up to 530,000 new shares of a nominal value
of DKK 0.25 each at an exercise price of NOK 33.10 per share, which corresponds
to the trading price at the close of business at the Oslo Stock Exchange on 12
June 2024.
The issued share options are subject to the following vesting mechanism:
• 25 per cent will vest 12 months after the grant date,
• 25 per cent will vest 24 months after the grant date,
• 25 per cent will vest 36 months after the grant date, and
• 25 per cent will vest 48 months after the grant date.
All share options must be exercised no later than 13 June 2032. Any share
options not exercised on this date will lapse without any compensation.
Additionally, the terms set out in the Share Option and Incentive Program 2024,
attached as appendix 15 to the company's articles of association, govern the
issued share options.
Updated articles of association reflecting the share option issue will be
registered with the Danish Business Authority in the coming days and will be
uploaded on the company's website.
For more information, please contact:
Heine Thorsgaard, CFO
E-mail: htg@napatech.com
More information:
Access the news on Oslo Bors NewsWeb site
Source
Napatech A/S
Provider
Oslo Børs Newspoint
Company Name
NAPATECH
ISIN
DK0060520450
Symbol
NAPA
Market
Oslo Børs
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Napatech A/S published this content on
13 June 2024 and is solely responsible for the information contained therein. Distributed by
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13 June 2024 13:01:04 UTC.
Napatech A/S is a Denmark-based company with activities within Field-Programmable Gate Array (FPGA)-based SmartNICs focused on high-speed solutions for cloud, mobile, telecom and enterprises with a goal of putting a SmartNIC in every server requiring faster applications, better networking and more effective security applications. The Companyâs product portfolio includes Link-Virtualization Software, Link-Capture Software and Link-Programmable as well as NT40A01 SmartNIC, NT20E3 SmartNIC, NT40E3 SmartNIC and NT50B01 SmartNIC. Napatechâs customers are primarily Information Technology (IT) companies and corporations. The Company has offices in Europe, North America and Asia. It also has a subsidiary, Napatech Inc.
NAPATECH A/S 
