Photocure ASA
Photocure ASA
12/03/2021 | Press release | Distributed by Public on 12/03/2021 01:34
Photocure ASA: Exercise of employee share options and share capital increase
Tid03.12.2021, 07:30:07
MeldingsID548464
UtstederIDPHO
MarkedOslo Børs
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Photocure ASA: Exercise of employee share options and share capital increase
Oslo, Norway, 3 December 2021: Participants in Photocure ASA's ("Photocure" or
the "Company") share option program have on 3 December 2021 exercised a total of
30 000 options distributed as follows:
· 1500 options exercised according to the option program for 2019 at a strike
price of NOK 50.72; and
· 28 500 options exercised according to the option program for 2019 at a
strike price of NOK 81.41.
Each option gives a right to receive one share in the Company. The share options
are described in note 7 and 23 in Photocure's annual financial statements for
2020.
Following the exercise, the Board of Directors, pursuant to authorisation
granted by the Company's Annual General Meeting, has decided to increase the
Company's share capital by NOK 15 000 by issuing 30 000 new shares, of par value
NOK 0.50. Subsequent to the transaction, Photocure's share capital will be NOK
13 486 910 divided into 26 973 820 shares, each share having a par value of NOK
0.50 and carrying one vote in the Company's general meeting.
The following options are exercised by primary insider:
· 22 500 options are exercised by primary insider of the Company Susanne
Strauss, VP and General Manager of Europe
Primary insider notifications pursuant to the market abuse regulation article 19
is attached.
The primary insiders mentioned above has transferred their rights to receive
shares resulting from the exercise of options to a third party. Following a sale
of shares, the primary insiders will receive the net proceeds after deduction of
the strike price and accrued tax. The primary insiders will use the full net
proceeds to purchase shares in Photocure. The sales amount and the number of
shares purchased will be finally determined on the basis of the price
subsequently obtained by the third party in the market. The results of the sales
process will be announced in a separate stock exchange notice when known.
For further information, please contact:
Photocure
CFO Erik Dahl
Tel: +47 450 55 000
Email: [email protected]
About Photocure ASA
Photocure: The Bladder Cancer Company delivers transformative solutions to
improve the lives of bladder cancer patients. Our unique technology, making
cancer cells glow bright pink, has led to better health outcomes for patients
worldwide. Photocure is headquartered in Oslo, Norway, and listed on the Oslo
Stock Exchange (OSE: PHO). For more information, please visit us at
www.photocure.com, www.hexvix.com or www.cysview.com
All trademarks mentioned in this release are protected by law and are registered
trademarks of Photocure ASA.
This information is subject to the disclosure requirements pursuant to the
market abuse regulation article 19 and 5-12 of the Norwegian Securities Trading
Act.
the "Company") share option program have on 3 December 2021 exercised a total of
30 000 options distributed as follows:
· 1500 options exercised according to the option program for 2019 at a strike
price of NOK 50.72; and
· 28 500 options exercised according to the option program for 2019 at a
strike price of NOK 81.41.
Each option gives a right to receive one share in the Company. The share options
are described in note 7 and 23 in Photocure's annual financial statements for
2020.
Following the exercise, the Board of Directors, pursuant to authorisation
granted by the Company's Annual General Meeting, has decided to increase the
Company's share capital by NOK 15 000 by issuing 30 000 new shares, of par value
NOK 0.50. Subsequent to the transaction, Photocure's share capital will be NOK
13 486 910 divided into 26 973 820 shares, each share having a par value of NOK
0.50 and carrying one vote in the Company's general meeting.
The following options are exercised by primary insider:
· 22 500 options are exercised by primary insider of the Company Susanne
Strauss, VP and General Manager of Europe
Primary insider notifications pursuant to the market abuse regulation article 19
is attached.
The primary insiders mentioned above has transferred their rights to receive
shares resulting from the exercise of options to a third party. Following a sale
of shares, the primary insiders will receive the net proceeds after deduction of
the strike price and accrued tax. The primary insiders will use the full net
proceeds to purchase shares in Photocure. The sales amount and the number of
shares purchased will be finally determined on the basis of the price
subsequently obtained by the third party in the market. The results of the sales
process will be announced in a separate stock exchange notice when known.
For further information, please contact:
Photocure
CFO Erik Dahl
Tel: +47 450 55 000
Email: [email protected]
About Photocure ASA
Photocure: The Bladder Cancer Company delivers transformative solutions to
improve the lives of bladder cancer patients. Our unique technology, making
cancer cells glow bright pink, has led to better health outcomes for patients
worldwide. Photocure is headquartered in Oslo, Norway, and listed on the Oslo
Stock Exchange (OSE: PHO). For more information, please visit us at
www.photocure.com, www.hexvix.com or www.cysview.com
All trademarks mentioned in this release are protected by law and are registered
trademarks of Photocure ASA.
This information is subject to the disclosure requirements pursuant to the
market abuse regulation article 19 and 5-12 of the Norwegian Securities Trading
Act.