Autostore Holdings Ltd.: Result of the employee share purchase plan for 2024
(Nedre Vats, 1 July 2024): Reference is made to the stock exchange notice on 17 June 2024 published by Autostore Holdings Ltd. ("AutoStore", OSE: AUTO), regarding the implementation of the employee share purchase plan for 2024 (the "2024 Program") for all permanent employees of AutoStore (the "Permanent Employees") and its subsidiaries (the "Group"). The employee share purchase plan was initially introduced in 2022 and continued in 2023 and 2024. The application period expired today, 1 July 2024 at 16:30 hours (CEST).
Sixty-three permanent employees have applied for a total of 686 579 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 2024 Program is NOK 11.48, 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 17 June 2024 and to 1 July 2024 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 insiders have purchased shares under the 2024 Program:
- Paul Harrison, Chief Financial Officer - 87,108 shares
- Parth Joshi, Chief Product Officer - 22,648 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:
Hiva Flåskjer, Senior Vice President Investor Relations
Telephone: +47 958 66 790 | Email: [email protected]
About AutoStore | www.autostoresystem.com
AutoStore, founded in 1996, is a technology company that develops order-fulfillment 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 ~1,450 Systems in 54 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.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.
