AutoStore Holdings Ltd. – Exercise of share options under the equity incentive plan and joint sale of option shares - additional exercise windows going forward
(Nedre Vats, 9 November 2023): Reference is made to the equity incentive plan of AutoStore Holdings Ltd. ("AutoStore" or the "Company", OSE: AUTO).
In an exercise window opened in connection with the publication of the Company's Q3 2023 results, option holders under the Company's equity incentive plan have exercised a total of 110,934 options with a strike price of NOK 3.91166 per share.
No primary insiders of the Company has exercised any options in this exercise window. All the option holders who exercised options have transferred their rights to receive the new shares following the exercise of options to Carnegie AS in order to complete a joint sale of up to 110,934 shares.
The exercised options will be settled by delivery of treasury shares held by AutoStore.
Going forward, the Company will reserve the option exercise windows that are opened in connection with the release of quarterly figures for option holders that are employees of the Company. The Company will, at the sole discretion of the board of directors, determine separate option exercise windows for option holders that are former employees of the Company outside such quarterly option exercise windows.
For further information, please contact:
Jo Christian Lund-Steigedal, Investor Relations
Telephone: +47 41 50 87 33 | [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 ~1,250 Systems in 50 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 production facilities in Koszalin, Poland. For more information about AutoStore, see www.autostoresystem.com.