Oslo, 11 October 2019. Expiry of vesting period of employee saving shares and
transfer of matching shares.
Webstep ASA ("Webstep" or "the Company") introduced a share purchase programme
for employees of Webstep and its subsidiaries as a part of the Initial Public
Offering 11 October 2017. Through the programme the Company offered employees
shares ("Saving Shares") in Webstep ASA subject to a two-year lock-in period.
Purchased shares through the programme qualified for additional shares free of
charge ("Matching Shares") after a vesting period of two years.
The vesting period for the Saving Shares has expired today, 11 October 2019, and
the Company will prepare for a transfer of the Matching Shares to the eligible
employees ("the Employees"). The estimated number of Matching Shares to be
distributed is 72 411 shares, and the Company will use its holding of treasury
shares to settle its obligations towards the Employees. Following the transfer
of Matching Shares, the Company will hold 414,016 own shares.
The following primary insiders are eligible for the receipt of Matching Shares:
· Arnt Roger Aasen, 1,244 Matching Shares. Following the transfer, Mr. Aasen's
new aggregate holding of shares with his close associates is 124,530.
· Anders Bjørnestad, 622 Matching Shares. Following the transfer, Mr.
Bjørnestad's new aggregate holding of shares with his close associates is
23,701.
· Carl Olof Jakob Cardell, 1,020 Matching Shares Following the transfer, Mr.
Cardell's new aggregate holding of shares is 25,020.
· Morten Evenrud, 622 Matching Shares. Following the transfer, Mr. Evenrud's
new aggregate holding of shares is 3,701.
· Rolf Helle, 497 Matching Shares. Following the transfer, Mr. Helle's new
aggregate holding of shares with his close associates is 29,745.
· Marianne Styrman, 1,244 Matching Shares. Following the transfer, Mrs.
Styrman's new aggregate holding of shares is 19,056.
The Matching Shares will be transferred from Webstep to the Employees as soon as
practically possible.
Contact details for further information:
Liv Annike Kverneland, CFO
Cell: +47 911 51 110
Email : ir@webstep.com
Website : (http://www.webstep.com)www.webstep.com
Webstep ASA is a provider of consultancy services to the private and public
sector, with the IT expertise necessary to deliver the most demanding
digitalisation and IT services.The Webstep Group employs approximately 400
employees in Norway and Sweden. The company offers its services to more than 200
customers annually and has been recognised for its work environment.
This information is subject to the disclosure requirements pursuant to section 4
-2 of the Norwegian Securities Trading Act.