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Zwipe AS – capital increase pertaining to exercise of stock options under stock option incentive program

News
Regulatory

BY

Zwipe

Zwipe AS

OSLO, NORWAY – 27 June 2022 – The board of directors of Zwipe AS ("Zwipe" or the "Company") has today resolved an increase in the share capital of the Company in the amount of NOK 2,500 through the issuance of 25,000 new shares in the Company, each at a strike price of NOK 10.00. The new shares were issued under the Company's stock option incentive program.

Primary insider Eric Mercer, COO of Zwipe AS, exercised 20,000 stock options. After completion of the transaction, Eric Mercer will hold 25,500 shares and 200,000 stock options in the Company. The remaining 5,000 stock options were exercised by an employee of the Company not being a primary insider.

All the exercised options have been granted in accordance with the Company's stock option incentive program described in the Company's latest annual financial statement.

Attached is a copy of the form submitted to the Norwegian FSA, Finanstilsynet, reporting the primary insider transaction listed above.       

This information is subject to the disclosure requirements in Regulation EU 596/2014 article 19 number 3 and the Norwegian Securities Trading Act section 5-12, and is information that Zwipe AS is obligated to make public pursuant to the continuing obligations of companies admitted to trading on Euronext Growth Oslo (Euronext Growth Oslo Rule Book – Part II) and on Nasdaq First North Growth Market. Certified Adviser on Nasdaq First North is FNCA Sweden AB, info@fnca.se, +46 (0) 8528 00 399. The information was submitted for publication, through the agency of the contact person set out below, at 12:15 CEST on 27 June 2022.

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About Zwipe

Zwipe believes the inherent uniqueness of every person is the key to a safer future. We work with great passion across networks of international organizations, industries and cultures to make convenience safe and secure. We are pioneering next-generation biometric card and wearables technology for payment and physical & logical access control and identification solutions. We promise our customers and partners deep insight and frictionless solutions, ensuring a seamless user experience with our innovative biometric products and services. Zwipe is headquartered in Oslo, Norway, with a global presence.  To learn more, visit http://www.zwipe.com.

For more information, please contact:

Danielle Glenn, CFO and Head of IR
+47 909 98 201
danielle@zwipe.com

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