Core Points - BW Energy Limited ("BWE") has approved a Long-Term Incentive Program (LTIP) to align employee interests with shareholders [1] - A total of 1,120,000 share options have been awarded under the LTIP for 2025, with nine employees invited to participate [2] - The strike price for the options is NOK 41.56, calculated with a 15.75% premium over the average share price [3] - The options have a vesting period of three years and an exercise period of three years, expiring six years after the award date [3] - Following the new awards, BWE will have a total of 6,696,013 outstanding options [4] - Key executives awarded options include CEO Carl K. Arnet (500,000 options) and CFO Brice Morlot (125,000 options) [4][5] Company Overview - BW Energy is a growth exploration and production (E&P) company focusing on proven offshore oil and gas reservoirs through low-risk phased developments [8] - The company holds significant interests in various fields, including a 73.5% interest in the Dussafu Marine licence offshore Gabon and a 95% interest in the Maromba field in Brazil [8] - Total net 2P+2C reserves and resources were reported at 599 million barrels of oil equivalent at the start of 2025 [8]

Group 1 - The Festi Group's employee share option plan, approved on March 6, 2024, resulted in the exercise of 1,048,552 share options at an exercise price of ISK 187 per share, totaling ISK 196,079,224 [1] - The Board of Directors has authorized an increase in the company's share capital by 1,048,552 shares to fulfill obligations under the share option agreements, raising the total nominal value to ISK 312,548,552 [2] - The new shares will be registered with the Icelandic Company Registration and will be listed on the Main Market of Nasdaq Iceland [3]