Sandnes, Norway, 14 March 2023:
Reference is made to Desert Control AS' ("Desert Control" or the "Company") stock exchange announcement on 1 March 2023 regarding exercise of employee share options and share capital increase, as well as stock exchange announcement on 10 March 2023 regarding registration of the share capital and issuance of shares in connection with the exercise of options.
Primary insider of the Company Ole Kristian Sivertsen, CEO, received 120,000 shares in connection with the exercise of options. Ole Kristian Sivertsen has now transferred all of the 120,000 shares to his wholly owned company OKS Consulting AS, being a close associate of a primary insider of the Company. Primary insider notifications pursuant to the market abuse regulation article 19 are attached.
For further information, please contact:
Marianne Vika Bøe, Chief Financial Officer
+ 47 406 36 356
marianne.boe@desertcontrol.com
About Desert Control
Desert Control specializes in climate-smart AgTech solutions to combat desertification, soil degradation, and water scarcity. Its patented Liquid Natural Clay (LNC) restores and enhances soil ecosystems to reduce water usage and improve the efficiency of fertilizers and natural resources for agriculture, forests, and green landscapes. LNC enables sandy and arid soil to retain water and nutrients, thus increasing crop yields, plant health, and ecosystem resilience while preserving water and natural resources by up to 50%.
For more about Desert Control, visit https://www.desertcontrol.com
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.