Eqva – Grant of share options in employee incentive program

10 Dec 2024 18:53 CET

Reference is made to the press release on 30 November 2022, announcing that Eqva
ASA’s ("Eqva" or the “Company”) Board of Directors had approved the allocation
of the employee incentive scheme. On 27 February 2024, the Board of Directors
approved an extension of the incentive scheme for 2025 – 2027. The share options
were approved with a strike price of NOK 2.93. The strike price was calculated
based on the last 20 days in advance of the decision by the board.

As a result, a total of 1,860,000 new share options were granted on 5 December
2024. Share options have been granted to the following primary insiders:

Even Matre Ellingsen, CEO EQVA, has been granted 100,000 share options.
Following the grant, Ellingsen holds a total of 2,700,000 share options in the
Company.

Petter Sørdahl, CFO EQVA, has been granted 100,000 share options. Following the
grant, Sørdahl holds a total of 100,000 share options in the Company.

Daniel Molvik, Head of Strategy and Business Development in EQVA, has been
granted 100,000 share options. Following the grant, Molvik holds a total of
100,000 share options in the Company.

Sverre Olav Handeland, General Counsel in EQVA, has been granted 100,000 share
options. Following the grant, Handeland holds a total of 200,000 share options
in the Company.

Ask Haukaas, Business Developer in EQVA, has been granted 100,000 share options.
Following the grant, Haukaas holds a total of 100,000 share options in the
Company.

Erik Høyvik, CEO EQVA Finance & Analytics, has been granted 100,000 share
options. Following the grant, Høyvik holds a total of 200,000 share options in
the Company.

Trygve Kjerpeseth, CEO Nordic Industrial Solutions & BKS, has been granted
100,000 share options. Following the grant, Kjerpeseth holds a total of 200,000
share options in the Company.

Anders Nilsen, CEO Fossberg Kraft, has been granted 100,000 share options.
Following the grant, Nilsen holds a total of 100,000 share options in the
Company.

Ellen Hanetho, Chair of the Board, has been granted 100,000 share options.
Following the grant, Hanetho holds a total of 166,667 share options in the
Company.

Anne Bruun-Olsen, Board Member, has been granted 100,000 share options.
Following the grant, Bruun-Olsen holds a total of 166,667 share options in the
Company.

Tore Thorkildsen, Board Member, has been granted 100,000 share options.
Following the grant, Thorkildsen holds a total of 100,000 share options in the
Company.

Tomasz Wesierski, Board Member (employee representative), has been granted
40,000 share options. Following the grant, Wesierski holds a total of 40,000
share options in the Company.

Kari Markhus, Board Member (employee representative), has been granted 40,000
share options. Following the grant, Markhus holds a total of 40,000 share
options in the Company.

The vesting periods for the share options are from 2025 to 2027 and the strike
price is adjusted in the following way:
- Exercise in January 2025: Basis Strike
- Exercise in January 2026: Basis Strike * 1.10
- Exercise in January 2027: Basis Strike * 1.21

See attachment for further details about the grant of options to each primary
insider.

Following the grant, the total number of outstanding options in Eqva are
5,213,334. The share option program encompasses up to 7.5% of total issued
shares fully diluted.


For more information, please contact:
Even Matre Ellingsen, Chief Executive Officer: + 47 990 05 500


Eqva ASA in brief
Eqva ASA is a knowledge-based active owner of engineering, construction and
service companies that contribute to the green transition in maritime, power
intensive and renewable industries.

The group has a well-diversified product and market portfolio, and further
growth will be established through a combination of company-based development,
utilization of synergies between the companies in the group as well as
value-creating M&A activities.

Key companies in the group are BKS, Kvinnherad Elektro, Vassnes Group and
Fossberg Kraft, each building on decades of experience and widely recognized by
clients in a broad range of industries.

Read more on www.eqva.no


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

More information:
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