Autostore Holdings Ltd. - Result of new employee share purchase plan and mandatory notification of trade by primary insiders
(Nedre Vats, 22 June 2022) Reference is made to the stock exchange notice on 7 June 2022 published by Autostore Holdings Ltd. ("AutoStore"), regarding the implementation of the new employee share purchase plan (the "Program") for all permanent employees of AutoStore (the "Permanent Employees") and its subsidiaries. The application period expired on 21 June 2022 at 16:30 hours (CEST).
More than 145 Permanent Employees have applied for a total of 2 035 330 shares in AutoStore by the end of the Application Period. AutoStore reserves the right to cancel purchases by any applicant if the applicant fails to make timely payment for the shares to AutoStore. The shares delivered to the applicants subject to timely payment, will be existing shares held in treasury by AutoStore.
The purchase price for the ESPP Shares is NOK 16,17, equal to the volume-weighted average share price for AutoStore's Shares on the Oslo Stock Exchange during the 30 trading days prior to the expiry of the offer, with a reduction of 20% to compensate for the 2-year lock-up undertaking (calculated based on the Black & Scholes model).
The following primary insiders have purchased shares under the Program:
Karl Johan Lier (CEO) – 61 843 shares
Bent Skisaker (CFO) – 61 843 shares
Israel Losada Salvador (COO) – 12 368 shares
Jenny Sveen Hovda (General Counsel) – 61 843 shares
Please see the attached forms of notification and public disclosure for further information.
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:
Bent M. Skisaker, Chief Financial Officer, +47 46 82 16 93|[email protected]
Hiva Ghiri, VP Investor Relations, +47 958 66 790| [email protected]
About AutoStore
AutoStore, founded in 1996, is a robot technology company that invented, and continues to pioneer, Cube Storage Automation - the densest storage and order fulfilment solution in existence. The company's focus is to blend software and hardware with human abilities to create the future of warehousing. AutoStore solutions are appreciated worldwide, with over 900 systems installed in 40 countries within a wide range of industries. All sales are designed, installed and serviced by a network of qualified system integrators – called "AutoStore Partner". The company headquarters is in Nedre Vats (Norway), with additional offices in Oslo (Norway), U.S., UK, Germany, Austria, France, Spain, Italy, Japan and Korea.
Learn more at www.autostoresystem.com