On 15 June 2022, the board of directors of Otovo resolved to issue 9,663 shares to the remaining earn out beneficiaries under the share purchase and contribution agreement dated 11 March 2019 related to the purchase of Otovo France, previously known as In Sun We Trust.
Further, the board resolved to issue 370,866 shares under the authorisation given at the OGM 27 April 2021 in relation to the company’s employee share option program. The shares were ordered in an exercise window that closed on 13 June 2022. Primary insider Alejandro Diaz exercised 50,000 options with strike price NOK 4.69. The PDMR form is attached.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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