LINK Mobility - Employee share purchase program (ESPP) share issuance

LINK Mobility Group Holding ASA (LINK) refers to the extraordinary general meeting (EGM) on 7 December 2021 where a share purchase program (ESPP) for employees was approved. LINK's board of directors' authorization to increase the share capital of the company in relation to incentive schemes was renewed at the annual general meeting (AGM) held on 31 May 2022.

Under the terms of the ESPP, all employees were given the opportunity to apply for shares for up to a maximum amount of NOK 100,000. The program received strong interest and 588,127 shares were subscribed for. The shares are subject to a lock-up period of 12 months. Upon allocation, the subscription price of the shares was set to NOK 9.29, based on a valuation of NOK 11.61, which corresponds to the seven-day volume weighted average LINK share price (VWAP) prior to and including the final day of the subscription period, 27 May 2022, to which a 20 per cent discount was applied. As part of ESPP, employees may, after a vesting period of two years, receive 1 matching share (subject to payment of the nominal value per share only) per 3 shares subscribed for subject to certain conditions being fulfilled.

Based on the subscription for shares by employees, the board has today resolved to increase the company's share capital with NOK 2,940.635 from NOK 1,471,261.270 to NOK 1,474,201.905 by issuing 588,127 shares at a subscription price of NOK 9.29 per share.

Following registration of the share capital increase with the Norwegian Register of Business Enterprises, the company will have a share capital of NOK 1,474,201.905 divided into 294,840,381 shares, each with a nominal value of NOK 0.005.

The following primary insider subscribed for shares under ESPP and gained the right to matching shares:

Thomas Berge, Interim CEO, was allocated 8,612 shares under ESPP. After completion of the share capital increase, Thomas Berge holds 191,398 shares in the company. In addition, Thomas Berge holds 253,000 LTI share options, 527,264 RSUs and the right to 2,870 matching shares under ESPP.

For further information, please contact

Tom Rogn, VP Investor Relations
+47 94 85 56 59
tom.rogn@linkmobility.com

About LINK Mobility

LINK is an award-winning, leading global provider of mobile messaging and communications platform as a service (CPaaS) solutions for increased engagement. The company serves enterprise, SME, and government customers. LINK offers a wide range of innovative and scalable mobile solutions, creating valuable digital convergence between businesses and customers, governments and citizens, platforms and users. LINK has 47,300 customer accounts globally and exchanges 15 billion messages a year. LINK is listed on the Oslo Stock Exchange under the ticker LINK. For more information about LINK, please see www.linkmobility.com and follow LINK Mobility on LinkedIn

This information is subject to the disclosure requirements pursuant to section 19 in the Market Abuse Regulation, 5-12 of the Norwegian Securities Trading Act and Euronext Oslo Rule Book II