Oslo, 24 November 2020: With reference to the announcement of 10 November
2020,<br />
Webstep ASA has today granted share options to 14 executives and managers of
the<br />
Company and its subsidiaries. The long-term incentive program was authorized
by<br />
the Company's Annual General Meeting on 7 May 2020.<br />
<br />
The strike price of the share is 22.73 equal to the volume weighted average<br
/>
market price for trades in the share on the Oslo Stock Exchange six business<br
/>
days prior to the grant date. 546,000 share options are allocated and
following<br />
the grant the total outstanding share options in the Company is 1,014,992.
The<br />
share options constitute 3.8 % of the Company's share capital. Please refer
to<br />
the Notice and Minutes of the Annual General Meeting in 2020 for further
details<br />
about the long-term incentive program.<br />
<br />
A total of 14 executives and managers of the Company and its subsidiaries
have<br />
been granted share options. The following primary insiders have been granted<br
/>
share options 24 November 2020:<br />
<br />
Arnt Roger Aasen, Communication Director, has been granted 26,000 options.<br />
Following the grant, the primary insider and his close associates holds a
total<br />
of 49,461 options and 15,168 shares in the Company.<br />
<br />
Carl Olof Jakob Cardell, VD Sweden, has been granted 52,000 options.
Following<br />
the grant, the primary insider holds a total of 98,884 options and 20,020
shares<br />
in the Company.<br />
<br />
Liv Annike Kverneland, CFO, has been granted 52,000 options. Following the<br />
grant, the primary insider and her close associates holds a total of 98,884<br
/>
options and 34,889 shares in the Company.<br />
<br />
Otto Backer Solberg, Communication Director, has been granted 26,000 options.<br
/>
Following the grant, the primary insider holds a total of 49,461 options and<br
/>
4,638 shares in the Company.<br />
<br />
Contact details for further information:<br />
<br />
Liv Annike Kverneland, CFO<br />
<br />
Cell: +47 911 51 110<br />
<br />
Email : ir@webstep.com<br />
<br />
Website : (http://www.webstep.com)www.webstep.com<br />
<br />
Webstep ASA is a provider of consultancy services to the private and public<br
/>
sector, with the IT expertise necessary to deliver the most demanding<br />
digitalisation and IT services.The Webstep Group employs approximately 400<br />
employees in Norway and Sweden. The company offers its services to more than
200<br />
customers annually and has been recognised for its work environment.<br />
<br />
This information is subject to the disclosure requirements pursuant to section
4<br />
-2 of the Norwegian Securities Trading Act.
