Limassol, January 17th 2025
The Board of Directors of S.D. Standard ETC Plc ("SDSD" or the "Company") has
been informed of an exercise of a total of 10,000,000 share options by Espen
Fjermestad, Head of Investments. These options are part of a share option
package granted to Fjermestad at his appointment to the position as Head of
Investments in June 2021.
The share options are exercised at a price of NOK 1.05 per share, which equals
the original exercise price of NOK 1.25 adjusted for a dividend distribution of
NOK 0.20 per share in November 2024. The Company's Board of Directors has
resolved to cash settle the exercised share options, which means that the
Company will pay an amount to Fjermestad equal to the difference between the
exercise price of NOK 1.05 per share and the closing share price per SDSD share
today of NOK 1.71.
Further information about the transaction is included in the attached
notification form.
For further information, please contact:
ENDS
For further information, please contact:
General Manager, Evangelia Panagide at +357 99 77 11 16
Chairman of the Board Martin Nes at +47 92 01 48 14
The information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
About Standard-ETC | standard-etc.com
S.D. Standard ETC is an investment company founded in 2010. The company holds a
concentrated investment portfolio including a 53% ownership in Standard Supply
AS (Euronext Growth: STSU) and a 17% ownership in the listed drilling company
Dolphin Drilling AS (Euronext Growth DDRIL). S.D. Standard ETC is headquartered
in Cyprus and listed on the Oslo Stock Exchange under the ticker SDSD.