Share program for employees and board members in Nekkar Group

Kristiansand, October 12, 2020 – The board of directors of industrial technology group Nekkar ASA has approved a private placement of shares in connection with a share program for all employees and board members.

The share program gives the right to subscribe for shares in Nekkar ASA for an amount of up to six months’ remuneration in 2020. The subscription price will be set to the volume-weighted 10 days average trading price in the period up to October 23^rd 2020, less 30% as the shares will have a three-year lock-up period.

Subscription of shares will end on October 23^rd, 2020. The issue is approved based on a board authorization granted under item 6 at the general meeting of Nekkar ASA on 27 May 2020. In the event of full subscription, the maximum limit for the issue in the share program is 2 million shares, which corresponds to an increase of up to 1.9% of the current shares outstanding.