23 June 2023: The Board of Directors of Hexagon Composites ASA ("Hexagon
Composites" or the "Company") has resolved to provisionally award up to 73,106
Performance Share Units ("PSUs") to a primary insider. 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 of
PSUs will attain minimum zero and maximum 73,106. 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 PSUs are now provisionally 6,129,326.
Further details of the primary insider's transactions pursuant to the market
abuse regulation article 19 are attached.
For more 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 (http://www.hexagongroup.com) (http://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