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- Agilyx ASA– Capital Increase As a Result of Options Being Exercised
Agilyx ASA– Capital increase as a result of options being exercised
27 Jan 2023 15:51 CET
Issuer
Agilyx ASA
Oslo, 27 January 2023: Reference is made to the authorization granted to the
board of directors Agilyx ASA (“Agilyx” or the “Company”) by the Company’s
annual general meeting held on 12 May 2022 to increase the share capital in
connection with the Company's stock option program. As a result of exercise of
options issued thereunder which each gives right to receive one ordinary share
in the Company, the Company’s board of directors has resolved to increase the
Company's share capital with NOK 12,624.98 by the issuance of 631,249 new
shares, each with a par value of NOK 0.02. The stock option program and options
issued are described in note 9 and 10 in the Company’s annual financial
statements for 2021.
The Company’s board of directors has approved 110’000 options for cashless
exercise. All corresponding shares have been sold.
Options below are exercised for holding shares by the following primary insider
of the Company:
On 27 January 2023, primary insider of Agilyx ASA, Joe Vaillancourt, exercised
500’000 options in Agilyx ASA at a strike price of NOK 0.57 per option resulting
in 500’000 shares in Agilyx ASA. Mr Vaillancourt will subsequently hold 512’513
shares and 1’377’700 options in Agilyx ASA. Mr Vaillancourt agreed to a lock-up
undertaking pursuant to which, during his tenure with the Agilyx Group, he will
(i) exercise any of his vested options in Agilyx ASA solely for the purposes of
holding shares in Agilyx ASA, and (ii) not dispose of any Agilyx ASA shares with
the exception of the disposal of shares in Agilyx ASA the proceeds of which he
will use to meet personal US tax obligations resulting from the option exercise.
Another employee of the Company (not being a primary insider) exercised 21,249
options for holding shares.
More information:
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Source
Agilyx ASA
Provider
Oslo Børs Newspoint
Company Name
AGILYX ASA
ISIN
NO0010872468
Symbol
AGLX
Market
Oslo Børs