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Scatec ASA - Long term incentive programme

·1-min read

Oslo, 6 May 2021: Today, a total of 219,566 share options were granted to leading employees.

Each share option gives the right to subscribe for and be allotted one share in Scatec ASA. The strike price of the options is set to NOK 244.28 per share, which is based on the volume weighted average share price over the ten last trading days preceding 6 May 2021. The options will lapse if not exercised by 1 January 2025. The option grant is divided into three tranches whereby 1/3 vests each year over three years, with the first tranche vesting 1 January 2022. The current grant is the second of three contemplated annual grants of share options in accordance with Scatec's share-based incentive programme.

For further information, please contact:
Ingrid Aarsnes, VP Communication & IR, tel: +47 950 38 364, email: ir@scatec.com

About Scatec ASA:
Scatec is a leading renewable power producer, delivering affordable and clean energy worldwide. As a long- term player, Scatec develops, builds, owns and operates solar, wind and hydro power plants and storage solutions. Scatec has more than 3.5 GW in operation and under construction on four continents and more than 500 employees. The company is targeting 15 GW capacity in operation or under construction by the end of 2025. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol 'SCATC'. To learn more, visit www.scatec.com, or connect with us on Linkedin.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act