Oslo, 8 August 2025: Reference is made to the previous stock exchange notices regarding grant and award of performance shares under the Long-Term Incentive Scheme (“LTI”) of BlueNord ASA (“BlueNord” or the “Company”) as first announced on 19 September 2022. Further reference is made to BlueNord’s announcements, including on 14 July 2025, regarding repurchase of own shares for the purpose of, amongst other things, use in the Company’s share incentive program.
The third and final conclusion of the award of performance shares under the LTI program established in 2022 has been made today, and the Company’s board of directors has resolved to deliver a total of 25,144 existing shares in the Company to the participants in the 2022 LTI program. The number of vested shares applicable for the award constitutes 50% of the total number of granted performance shares as announced by the Company on 19 September 2022 to each of the primary insiders. The award is adjusted for the KPI performance applicable for the 2022 LTI program and the shares are awarded net of tax based on the share price of NOK 477.50 at the time of award.
Following the delivery of these shares, the Company owns 976,668 own shares in treasury.
Following this award, the total number of shares that maximum can be awarded under the LTI program is 122,806 (before tax).
The following members of the Executive Management of the Company have today been allocated the following number of shares under the LTI program:
- Euan Shirlaw, Chief Executive Officer, was awarded 6,465 shares. Following this award, Euan Shirlaw owns a total of 13,561 shares in the Company. In addition, Shirlaw has the right to receive maximum up to 23,229 shares in the Company under the LTI program and 60,014 retention shares in the Company vesting in September 2025, in each case before tax.
- Jacqueline Lindmark Boye, Chief Financial Officer, was awarded 785 shares. Following this award, Jacqueline Lindmark Boye owns a total of 1,740 shares in the Company. In addition, Boye has the right to receive maximum up to 12,042 shares in the Company under the LTI program before tax.
- Miriam Lykke, Chief Operating Officer, was awarded 1,285 shares. Following this award, Miriam Lykke owns a total of 2,292 shares in the Company. In addition, Lykke has the right to receive maximum up to 5,372 shares in the Company under the LTI program before tax.
- Cathrine Torgersen, Chief Corporate Affairs Officer, was awarded 3,270 shares. Following this award, Cathrine Torgersen owns a total of 8,985 shares in the Company. In addition, Torgersen has the right to receive maximum up to 10,435 shares in the Company under the LTI program and 20,404 retention shares in the Company vesting in September 2025, in each case before tax.
Future grants and awards of shares made under the Company’s LTI programs shall be announced if and when made.
Please see attached primary insider notification forms in accordance with the Market Abuse Regulation article 19.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
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Contact:
Cathrine Torgersen, Chief Corporate Affairs Officer
Phone: +47 915 28 501
Email: cathrine.torgersen@bluenord.com