AutoStore Holdings Ltd. – Implementation of a new stock purchase plan for all permanent employees

NOT TO DISSEMINATE, PUBLISH OR DISTRIBUTE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE ILLEGAL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

(Nedre vats, June 7, 2022) On May 19, 2022all permanent employees (the “Permanent employees“) of AutoStore Holdings Ltd. (“Auto Store“, OSE:AUTO”) and its subsidiaries (the “Band“) were invited to participate in a new employee share ownership plan (the “Program“). The overall objective of the program is to closely align the interests of the participants with those of the shareholders of Auto Store and create a long-term commitment to Auto Store. The Program will form an important part of the Group’s overall compensation package designed to attract and retain skilled and motivated employees.

Through the program, permanent employees will be offered to apply for shares in Auto Store for a minimum investment amount of NOK 1,000 and a maximum investment amount of NOK1,000,000. Shares purchased will be subject to a lock-up period of two years.

The application period for the offer will start today, Tuesday June 7, 2022and will expire on June 21, 2022 at 4:30 p.m. (CEST) (the “Application period“). The purchase price of the ESPP Shares will be equal to the volume-weighted average price for Auto Store Shares on the Oslo Stock Exchange during the 30 trading days preceding the expiry of the offer, with a reduction of 20% to compensate for the lock-up commitment (calculated on the basis of the Black & Scholes model).

The Company will use less than 1% of its issued share capital to satisfy executive and employee incentives and the actual number of shares sold to permanent employees under the program will be announced after the expiration of the application period.

Further information on the program is provided in the remuneration guidelines approved by the general meeting of Auto Store on May 19, 2022. The guidelines are attached to the Notice of Annual General Meeting published by Auto Store on April 28, 2022 and are also available at Auto Store website https://www.autostoresystem.com.

For more information, please contact:

Bent M. Skisaker, CFO, +47 46 82 16 93|bent.skisaker@autostoresystem.com

Hiva Ghiri, Vice President of Investor Relations, +47 958 66 790 | hiva.ghiri@autostoresystem.com

About Auto Store

Auto Store, founded in 1996, is a robotics technology company that invented and continues to pioneer Cube Storage Automation – the densest product/inventory storage solution available. The company’s goal is to marry software and hardware with human capabilities to create the future of warehousing. Auto Store is global, with over 900 systems installed in over 40 countries across a wide range of industries. All sales are designed, installed and serviced by a network of qualified system integrators – who Auto Store calls `partners’. The registered office of the company is at Nedre vats (Norway), with offices also at Oslo (Norway), in the WE, UK, Germany, Austria, France, Spain, Italy, Korea, Japanand Singapore.

Learn more at www.autostoresystem.com

https://news.cision.com/autostore-as/r/autostore-holdings-ltd—-implementation-of-new-share-purchase-plan-for-all-permanent-employees,c3581008

(c) Decision 2022. All rights reserved., sources Press Releases – English


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