17 February 2023: The Board of Directors of Hexagon Composites ASA ("Hexagon
Composites" or the "Company") has resolved to provisionally award up to
3,085,146 Performance Share Units ("PSUs") to executives. The PSU allocation is
in accordance with the Board of Director's compensation policy for the executive
management. This policy is described in the Company's Guidelines for
remuneration of executive management as approved at the Annual General Meeting
on 28 April 2021. The PSUs are non-transferable and will vest on 31 March 2026
subject to satisfaction of the applicable vesting conditions.
The actual number of PSUs to be allocated will depend on 2025 financial
performance in addition to the development of market cap of the Company from
award up to vesting. The number PSUs will attain minimum zero and maximum
3,085,146. Each vested PSU will give the holder the right to receive one share
in the Company at an exercise price corresponding to the par value of the shares
being NOK 0.10. The total number of outstanding restricted share units and PSUs
are now 334,500 and provisionally 6,056,220 respectively. Of the maximum
3,085,146 provisionally awarded PSUs, maximum 965,004 PSUs will provisionally be
awarded to primary insiders.
Further details of the primary insider's transactions pursuant to the market
abuse regulation article 19 are attached.
For additional information:
Ingrid Aarsnes, VP Investor Relations and ESG, Hexagon Composites ASA
Telephone: +47 950 38 364 | ingrid.aarsnes@hexagongroup.com
About Hexagon Composites ASA
Hexagon delivers safe and innovative solutions for a cleaner energy future.
Our solutions enable storage, transportation and conversion to clean energy in
a wide range of mobility, industrial and consumer applications.
Learn more at www.hexagongroup.com and follow @HexagonASA on Twitter
and LinkedIn.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act