Webstep ASA: Resolution to increase the share capital following exercise of options

20 Jun 2024 12:25 CEST

Oslo, 20 June 2024: Webstep ASA (the "Company") has completed an exercise window
for vested options under its long-term incentive program, where in total 150,135
options have been exercised.

In connection therewith, the board of directors of the Company has in a board
meeting held today, on 20 June 2024, resolved to increase the Company's share
capital with NOK 150,135 by the issuance of 150,135 new shares, each with a par
value of NOK 1.00, in order to facilitate the delivery of new shares to the
options holders having exercised options. The board of directors' resolution to
increase the share capital of the Company was made pursuant to the authorisation
granted to it by the general meeting held on 16 May 2024.

The exercise price for the options exercised equals the volume-weighted average
market price for the Company's shares on the Oslo Stock Exchange the six trading
days prior to the grant date of the relevant options.

Upon registration of the share capital increase pertaining to the new shares
with the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret),
the new share capital of the Company will be NOK 27,968,978, divided into
27,968,978 shares, each with a par value of NOK 1.00. The share capital increase
will be registered with the Norwegian Register of Business Enterprises as soon
as practically possible after the share contribution has been fully paid.

Contact details for further information:

Ida Amalie Oma, CFO

Cell: +47 906 30 276

Email: ir@webstep.com

Website : www.webstep.com

Webstep ASA is a provider of consultancy services to the private and public
sector, with the IT expertise necessary to deliver the most demanding
digitalisation and IT services.

More information:
Access the news on Oslo Bors NewsWeb site

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