The Board of Directors of KMC Properties ASA ("KMCP", the "Company", OSE ticker code:"KMCP") has approved a long-term incentive plan ("LTIP 2023") aimed to align the interests of employees of the Company with those of the shareholders.
Under LTIP 2023, employees of KMCP will be awarded share options and the Board of Directors has today resolved to award 3,238,936 share options under the plan (equivalent to 1,0% of the total number of shares in issue). Each option will give the holder the right to acquire one KMCP share from the Company.
The exercise price for the KMCP Options is NOK 6.4571, which is equal to the volume weighted average trading price (VWAP) of KMCP´s shares on the Oslo Stock Exchange during the last 30 days before grant date, 29.03.2023.
The options will have a vesting period of three years from being awarded, whereby 20% of the options will vest after one year, 30% after two years and 50% will vest after three years, and may then be exercised in a period of two additional years. The options are non-tradable and conditional upon the option holder being employed by the Company or its subsidiaries and not having resigned or being terminated for cause prior to the vesting date.
The following primary insiders of the Company have been awarded options under LTIP 2023, as further described in the attached forms. The total number of options and shares (if any) held by these primary insiders are as set out below:
Liv Malvik, Chief Executive Officer
Outstanding options granted under earlier programs: 0
Options granted in 2023 under LTIP 2023: 392,598
Shares held: 179,285
Audun Aasen, Chief Operating Officer
Outstanding options granted under earlier programs: 0
Options granted in 2023 under LTIP 2023: 392,598
Shares held: 577,000
Kristoffer Formo, Head of M&A
Outstanding options granted under earlier programs: 0
Options granted in 2023 under LTIP 2023: 392,598
Shares held: 3,740,000
Kristoffer Holmen, Chief Financial Officer
Outstanding options granted under earlier programs: 0
Options granted in 2023 under LTIP 2023: 392,598
Shares held: 125,000
Ove Rød Henriksen, Chief Accounting Officer
Outstanding options granted under earlier programs: 0
Options granted in 2023 under LTIP 2023: 392,598
Shares held: 9,630
For further information, please contact:
Liv Malvik,
Chief Executive Officer
Tel: +47 480 03 175
E-mail: liv.malvik@kmcp.no
About KMC Properties ASA
KMC Properties is an Oslo Børs-listed real estate company focusing on industrial- and logistic properties. The company has a diversified portfolio of properties in the Nordics and the Netherlands. The properties are strategically located and have long lease agreements with solid tenants.
KMC Properties has an ambitious strategy to grow the portfolio through further development of existing properties, as well as M&A initiatives.