Two primary insiders of Xplora Technologies AS (the “Company”) has on 6 November 2023 exercised a total of 1,582,775 share options. Sten Kirkbak, Chief Executive Officer of the Company, has (through his wholly owned company Kirkbak Holding AS) exercised 974,025 share options, while Sanghyo Kim, Chief Technical Officer of the Company, has exercised 608,750 share options. After this exercise there are no more employee options in the program that expire in 2023.The share options will be settled by way of cash settlement by the Company. The amount payable per share option exercised by the Company to Kirkbak and Kim will be NOK 13.50 minus the strike price of NOK 7. The closing price on 6 November 2023 was NOK 14.75. Please see the attached form for notification and public disclosure of transaction attached for details.This information is subject to disclosure requirements in Regulation EU 596/2014 (MAR) article 19 no. 3 and the Norwegian Securities Trading Act section 5-12.
Attachments:
KRT-1500_Kirkbak_Holding
For more information, please contact:
Sten Kirkbak, CEO, +47 92203710, sten.kirkbak@xplora.com
Tore Engebretsen, Chairman +47 908 66 756, tore@vv12.no
For more information, please contact:
Sten Kirkbak, CEO, +47 92203710, sten.kirkbak@xplora.com
Tore Engebretsen, Chairman +47 908 66 756, tore@vv12.no
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 in the world. The company is headquartered in Norway with operations in leading European markets. Xplora is listed on Euronext Growth under the ticker symbol XPLRA.
