Canopy Holdings AS - Option award

08 Dec 2022 07:15 CET

8.12.2022 07:15:00 CET | Canopy Holdings AS | Additional regulated information
required to be disclosed under the laws of a member state

(Oslo, 8 December 2022) Canopy Holdings AS (Canopy Holdings, Euronext Growth
Oslo:CAN) today announces an award of options to employees.

Reference is made to the authorizations provided by the Annual General Meeting
of Canopy held September 6th 2022 regarding award of options as part of Canopy
Holdings long term incentive plans.

Each option gives the right to buy one share in Canopy Holdings AS.

Under the authorization, Canopy has awarded the following options to employees
in Canopy Holdings and Catalate under the November 2021 option plan:

* 246.000 Options at average strike of NOK 0.60 per share.

These grants include the following grants to Primary Insiders:

* James Price, Group CFO: 70.000 Options at strike NOK 0.50 per share

After this grant there are a total of 5.017.693 options outstanding,
representing 5.6% of total shares outstanding. In addition, there are a total of
2.087.500 shares outstanding under existing incentive schemes. Hence, after this
grant, there are a total of 7.105.193 options and shares outstanding under
existing incentive schemes representing 8.0% of total shares outstanding.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

* James Price, CFO, james@canopyholdingsas.com

ABOUT CANOPY HOLDINGS AS

Canopy Holdings AS is a multi-national technology company listed on Euronext
Growth Oslo. The company owns a leading portfolio of brands and companies that
provides digitalization solutions to ski resorts, destinations, parks and
attractions in key markets. Canopy Holdings AS currently consists of Catalate,
Liftopia.com - http://liftopia.com, Skitude and Spotlio.

More information:
Access the news on Oslo Bors NewsWeb site