Autostore Holdings Ltd. – Correction of grants under the long-term incentive plan for 2023
Reference is made to the stock exchange notice made by AutoStore Holdings Ltd., (the "Company" or "AutoStore", OSE: AUTO) on 14 July 2023, where the remuneration committee, a subcommittee of the board of directors of the Company approved new grants under the long-term incentive plan for 2023 ("LTIP") for certain members of the Company's management and other leading employees (the "Executives") in line with the terms as adopted by the annual general meeting of the Company held on 19 May 2022.
Due to a calculation error, certain executives were granted an incorrect number of restricted stock units ("RSUs") under the LTIP for 2023 and adjustments have been made accordingly. A total of an additional 165,895 RSUs have been awarded under the LTIP for 2023 today. The total number of RSUs in the LTIP for 2023 is therefore 556,931. The RSUs are subject to a time based vesting and shall vest on the date falling 36 months following the date of grant.
This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
For further information, please contact:
Hiva Flåskjer
VP Investor Relations
Tel: +47 958 66 790
Email: [email protected]
About AutoStore
AutoStore, founded in 1996, is a technology company that develops order-fulfilment solutions to help businesses achieve efficiency gains within the storage and retrieval of goods. The company offers both hardware and software capabilities and the AutoStore technology is interoperable with other third -party solutions.
AutoStore is global, with ~1,200 Systems in 49 countries. All sales are distributed, designed, installed, and serviced by a network of qualified system integrators referred to as "partners".
AutoStore was founded in Nedre Vats, on the west coast of Norway. The company has offices in Norway, the U.S., UK, Germany, France, Spain, Italy, Austria, South Korea, Japan, Australia, and Singapore, as well as assembly facilities in Poland.
