NORBIT – Award and exercise of restricted stock units

Core Points - The Board of Directors of NORBIT ASA has awarded a total of 135,676 restricted stock units (RSUs) to executive management based on the financial year 2024 [1] - A total of 56,615 shares will be issued at par value due to the exercise of vested RSUs, with the remaining RSUs vesting in 2026 and 2027 [1] - The new share capital of the Company will be NOK 6,394,869.50, divided into 63,948,695 shares, each with a par value of NOK 0.10 following the registration of the share capital increase [3] - The Company will purchase 57,460 shares at a price of NOK 170.20 per share to cover tax liabilities for certain executive management members [4] - The executive management's holdings post-transactions include significant shares and RSUs, with the Group CEO holding 7,139,157 shares and 38,616 RSUs [5] Company Overview - NORBIT ASA is a global provider of tailored technology solutions, focusing on sustainability and innovation across three business segments: Oceans, Connectivity, and Product Innovation & Realization [6] - The Oceans segment provides technology solutions for global maritime markets, while the Connectivity segment offers wireless solutions for identification, monitoring, and tracking [6] - The Product Innovation & Realization segment delivers R&D services, proprietary products, and contract manufacturing to key customers [6]