AutoStore Holdings Ltd. – Sale of option shares completed

(Nedre Vats, 18 August 2023): Reference is made to the stock exchange notice issued by AutoStore Holdings Ltd. ("AutoStore" or the "Company", OSE:AUTO) yesterday, on 17 August 2023, regarding exercise of share options under AutoStore's equity incentive plan. 

A total of 2,344,670 options with a strike price of NOK 3.76943 per share have been exercised. No primary insiders of the Company have exercised any options in this exercise window. Subsequent to the exercise, there are 61,864,298 vested and 8,124,803 unvested options remaining under the 2019 equity incentive plan.

The exercised options will be settled by delivery of treasury shares held by AutoStore and the Company will hold 71,972,363 treasury shares following the option exercise.

The option holders have in total sold 2,344,670 option shares at an average price of NOK 19.068 per option share.

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.