Oslo, 5 February 2026: On the basis of the authorization granted by the General
Meeting on 29 April 2025 for the Board of Directors of Zelluna ASA (the
"Company", OSE ticker "ZLNA") to issue shares to employees and board members
under a long-term incentive program, the Board of Directors has resolved to
grant share options to two employees in the Company.
A total of 75,000 new share options have been granted to two employees.
Following these grants, the total number of options outstanding corresponds to
5.5% of the Company's outstanding share capital.
Each option gives the right to acquire one share in the Company. The options are
granted without consideration. Pursuant to the vesting schedule for employees,
25% of the options will vest one year after the date of grant, 25% will vest two
years after the date of grant, 25% will vest three years after the date of grant
and the remaining 25% will vest four years after the date of grant, provided
that the option holder remains employed by the Company.
The exercise price has been set at NOK 14.48 per share, which corresponds to the
volume-weighted average price over the past 30 calendar days. Options that are
not exercised within 7 years from the date of grant will lapse and become void.
Primary insiders in Zelluna ASA have received the following option grants, on
the terms described above:
Chief Financial Officer, Geir Christian Melen, has been granted 55,000 share
options.
Chief Technology Officer, Emilie Gauthy, has been granted 20,000 share options.
For further information, please see www.zelluna.com (http://www.zelluna.com) or
contact:
Namir Hassan, CEO, Zelluna ASA
Email: namir.hassan@zelluna.com
(https://www.globenewswire.com/Tracker?data=Z8lLmV-
B1LwB9B24FA19vFGXbMF1uWuib96CE8rRZizu90Na0VH2EMuvz0ZT8R_M3cGZvcz7cwsWR7BQXKOGGup
zjLAZA3udqBHb-dOQPqaJliih1_RADUlCCR7Hs9ov)
Phone: +44 7720 687608
Geir Christian Melen, CFO, Zelluna ASA
Email: geir.christian.melen@zelluna.com
(mailto:geir.christian.melen@zelluna.com)
Phone: +47 913 02 965