Long-Term Incentive Plan - grant of share options to primary insider

03 Nov 2023 14:21 CET

Tromsø, Norway, 03[rd] November 2023 - The Board of Directors in ArcticZymes
Technologies ASA (the "Company") has decided to grant 200,000 share options to
the CEO under the Company's long-term incentive plan, which was approved by the
Annual General Meeting on 20 May 2021.

The strike price of the options are NOK 26.94 per share, which is equal to the
average closing price for the Company's shares on the Oslo Stock Exchange in the
30 days' period prior to the grant date. The options will have 12 months waiting
period, 36 months vesting period and 12 months exercise period. The options are
granted in accordance with the Company's guidelines for remuneration to senior
management approved by the Annual General Meeting on 20 May 2021.

The following primary insider was granted options:
Michael Benjamin Akoh, CEO, was granted 200,000 options, following which he
holds in total 200,000 options and 0 shares.


For more information, please contact:

Børge Sørvoll
CFO
+47 95290187
ir@arcticzymes.com

More information:
Access the news on Oslo Bors NewsWeb site

603031_Notification_trading_Michael_Akoh.pdf
603031_Award_of_options_November_2023.pdf