3 June 2022 - HydrogenPro AS (OSE: HYPRO) has resolved to amend the long-term incentive plan for CFO Martin Thanem Holtet. The previously awarded incentive program has been terminated. Mr. Holtet has been awarded a new incentive program consisting of 150 000 share options. The strike price of the options is set to NOK 18.78 per share based on the closing price on 3 June 2022. Each share option gives the right to subscribe for and be allotted one share in HydrogenPro AS. The vesting period of the awarded share options commences today, and the share options will be fully vested on the same date as the terminated incentive program, 1 March 2024, provided that Mr. Holtet is employed with the Company during the entire vesting period. The options will lapse if not exercised by 1 March 2025. Reference is made to the attached notification of insider trading for further details.
HydrogenPro ASA
Hydrovegen 55
3936 Porsgrunn
Norway