Oslo ,24 January 2020 Three employees inNavamedic ASA have exercised a total of 275 000 options. Following the share option exercise, the Board of Directors, pursuant to authorization granted by theNavamedic ASA's Annual General Meeting, has decided to increase the Company's share capital byNOK 203 500 by issuing 275 000 new shares, of par valueNOK 0,74 . Following the increase,Navamedic ASA's share capital isNOK 8 985 578,02 divided into 12 142 673 shares. The weighted average option exercise price isNOK 8,88 . The options exercised by all three employees had expiration date ofJanuary 24th, 2020 . The shares have a 12 month lock-up period attached to them. Options exercised by primary insiders23 January 2020 :Kathrine Gamborg Andreassen has exercised 125 000 options in the Company, corresponding to 125 000 shares at the strike price ofNOK 8,88 .Ole Henrik Eriksen has exercised 75 000 options in the Company, corresponding to 75 000 shares at the strike price ofNOK 8,88 . Astrid Bratvedt has exercised 75 000 options in the Company, corresponding to 75 000 shares at the strike price ofNOK 8,88 . New holding: After exercising the options,Kathrine Gamborg Andreassen holds 125 000 options and 541 668 shares in the Company. After exercising options,Ole Henrik Eriksen holds 0 options and 491 666 shares in the Company. After exercising options, Astrid Bratvedt holds 0 options and 493 666 shares in the Company.
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