The board of directors of Xplora Technologies AS has resolved to do the following amendments to its current share option program:
- The strike price is set to NOK 7 for the following option holders: Kjetil Fennefoss (250 000 share options), Kristin Hellebust (250 000 share options) and Svenn Jarle Simonsen (81 167 share options). Vesting and exercise periods remain the same, meaning that 1/3 of the options are vested each year in the period of 2022-2024, and that exercise period is within 30 June each year after vesting is completed.
- The end date of the exercise period is prolonged from 30 June 2023 to 31 December 2023 for option holders Sanghyo Kim and Sten Kirkbak. This relates to 970 025 share options for Sten Kirkbak and 608 750 share options for Sanghyo Kim, in total 1 582 775 share options. The current strike price of NOK 7 remains.
For further information please contact:
Sten Kirkbak, CEO +47 922 03 710, firstname.lastname@example.org
Jonas Ringstad, Interim CFO +47 4063 9886, email@example.com
About Xplora Technologies AS:
Xplora is a platform and services company and an industry leader in the market for children’s smartwatches. Xplora was founded to give children a safe onboarding to the digital life and a better balance between screen time and physical activity. Xplora’s vision is to enable children around the world to experience how their everyday activities can create value and make a positive change to the world. The company is headquartered in Norway with operations in leading European markets.