1. Exercise of restricted share units from 2018
Reference is made to the stock exchange announcement of 5 February 2021 and the exercise window for vesting restricted share units from 2018 that closed today 11 February 2021. Employees in XXL ASA have exercised 63,376 restricted share units representing 63,376 ordinary shares. Following this XXL has, pursuant to authorization granted by the Annual General Meeting on 4 June 2020, bought 63,376 of its own shares at a price of NOK 19.69. All shares will be transferred to the employees. Subsequently XXL ASA will hold 4,970,000 own shares after this transfer.
The following primary insiders have exercised restricted shares units on 11 February 2021 and has after this the following number of shares and restricted share units in XXL ASA:
- Pasi Lämpsä, Managing Director Finland, has exercised 2,285 restricted share units, corresponding to 2,285 shares. Following this he holds 1,195 shares in XXL Management Invest AS, 6,104 shares in XXL ASA and no restricted share units in XXL ASA including ownership of closely related parties.
- Magnus Kreuger, Managing Director Austria, has exercised 1,713 restricted share units, corresponding to 1,713 shares. Following this he holds 796 shares in XXL Management Invest AS, 1,713 shares in XXL ASA and 4,985 restricted share units in XXL ASA including ownership of closely related parties.
2. Restricted share units – 2021 grant
Reference is made to the stock exchange announcement of 5 February 2021 and the resolution to implement a program of restricted share units for employees made by the Annual General Meeting in XXL ASA on 4 June 2020.
The strike price has been set to NOK 21.88, based on the volume weighted average share price of XXL’s shares on the Oslo Stock Exchange during the five trading days from 5 February to 11 February 2021. In total around 457,000 restricted share units will be granted to employees. The shares will vest after three years subject to the holder at the time of exercise is employed in XXL.
For further queries, please contact:
Tolle O. R. Grøterud
Investor Relations, XXL ASA
Tel: +47 90 27 29 59
E-mail: ir@xxlasa.com
About XXL ASA
XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden, Finland, Denmark and Austria. It is the largest among the major sports retailers in the Nordics. XXL pursues a broad customer appeal, offering a one stop shop experience with a wide range of products for sports, hunting, skiing, biking and other outdoor activities. XXL’s concept is to have the largest stores with the best prices and the widest assortment of products, focusing on branded goods.