Bergen, Norway, 14 April 2020 - The board of directors in BerGenBio ASA (the
"Company") (OSE:BGBIO) has granted options to employees.
The annual general meeting in the Company at 16 March 2020 approved the share
options program and authorised the board of directors of the Company to issue
share options to the Company's employees as part of a long-term incentive plan.
Options granted under the share option program vest over a three-year period and
each option, when exercised, will give the right to acquire one share in the
Company at exercise price. Options granted under the share option program expiry
eight years after grant date.
A total of 2,026,663 share options, equal to 2.76% of total shares issued in the
Company, were granted at an exercise price at NOK 15.00 constituting the average
traded price at OSE between 24 March and 7 April.
Of the total grant the following was granted to primary insiders (total holdings
of share options following this grant):
Richard Godfrey - CEO: 413,333 (1,542,617)
James B. Lorens - CSO: 178,533 (767,040)
Hani Gabra - CMO: 208,000 (208,000)
Rune Skeie - CFO: 146,667 (242,757)
James Barnes - Director of Operations: 178,000 (237,400)
Gro Gausdal - Director of research: 66,667 (158,376)
Alison Messom - Director of Clinical operations: 108,000 (108,000)
Endre Kjærland - Associate Director of IP and Contracts: 62,000 (150,525)
In total 1,361,200 share options were granted to primary insiders.
Following this grant a total of 4,552,060 share options are issued, equal to
6.21% of the total shares issued in the Company. Of this 1,679,611 share options
are vested and 2,872,449 not vested.
-End-
Contacts
Richard Godfrey
CEO, BerGenBio ASA
ir@bergenbio.com
+47 917 86 304
Rune Skeie
CFO, BerGenBio ASA
rune.skeie@bergenbio.com
+47 917 86 513
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.