Autostore Holdings Ltd.: Result of the employee share purchase plan for 2023
(Nedre Vats, 28 June 2023): Reference is made to the stock exchange notice on 14 June 2023 published by Autostore Holdings Ltd. ("AutoStore", OSE: AUTO), regarding the implementation of the employee share purchase plan for 2023 (the "2023 Program") for all permanent employees of AutoStore (the "Permanent Employees") and its subsidiaries (the "Group"). The application period expired today, on 28 June 2023 at 16:30 hours (CEST).
Ninety one Permanent Employees have applied for a total of 652,101 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 each share under the 2023 Program is NOK 19.04, 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 (including the application period, which was from 14 June 2023 and to 28 June 2023 at 16:30 hours (CEST)), with a reduction of 20% to compensate for the lock-up undertaking (calculated based on the Black & Scholes model).
The following primary insider has purchased shares under the 2023 Program:
Michael Dickson, Chief Revenue Officer - 52,521 shares
Please see the attached form 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:
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.