Saga Pure ASA: Strengthening of the organization

(Oslo, 14 April 2021) Saga Pure ASA (Saga Pure, OSE: SAGA) has strenthened the organization with industry experts within renewables, maritime and sustainable ammonia solutions.

“We’re truly happy to have expanded the team with key competence which will both help us make better investment decisions, as well as enable a greater degree of active ownership, and we look forward to continue building the team throughout 2021,“ says Bjørn Simonsen, Chief Executive Officer of Saga Pure.

Saga Pure has since the start of 2021 strengthened the organization with the following new hires:

• Florian Melcher, with more than a decade experience from the finance sector, specialised in energy and renewables
• Jørgen Festervoll, with more than 20 years’ experience within renewables, smart electrical grids, power-intensive industry, and energy storage
• Jørgen Kopperstad, with a decade’s worth of experience from the maritime sector, with a specialization in ship energy optimization and zero-emission technologies such as battery and hydrogen
• Rob Stevens, with more than 20 years’ experience within the ammonia sector, having spent the last five years focusing on low carbon ammonia solutions and value chain

The abovementioned employees have been allocated 3 million share options each, in total 12 million options, whereof the allocation of 3 million options to Florian Melcher was disclosed in the stock exchange release on 19 October 2020. The allocated share options hold strike prices ranging between NOK 1.5 per share option and NOK 10 per share option.

Saga Pure has as of today issued in total 27 million options to employees, of which 9 million share options have been issued pursuant to the authorization granted by the extraordinary general meeting held on 19 February 2021. Each share option holds the right to acquire 1 share in Saga Pure. The issued share options hold a vesting period of up to 36 months, and are subject to customary terms and conditions. 

ENDS

For additional information, please contact:

Bjørn Simonsen, CEO, +47 971 79 821

About Saga Pure | www.saga-pure.com

Saga Pure ASA is an investment company focusing on opportunities within renewable energy, hydrogen, circular economy and CO2-reduction.

This stock exchange notice is subject to the disclosure requirements in Section 5-12 of the Norwegian Securities Trading Act This stock exchange release was published by Espen Lundaas, CFO at 14 April 2021.