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Kahoot! ASA: Exercise of employee share options - Share capital increase and sale of shares by primary insiders

09/03/2021 | 02:03am EDT
Oslo, 3 September 2021. Following the vesting and exercise of 3,195,100 employee
share options, the Board of Directors of Kahoot! ASA ("Kahoot!" or the
"Company") has today resolved to issue 3,195,100 new shares pursuant to an
authorization granted by the Company's general meeting on 8 June 2021. 

A total of 2,112,150 of the new shares have been sold at a price of NOK 64 per
share to an institutional investor in a transaction arranged by ABG Sundal
Collier ASA, while exercising option holders will retain the remaining 1,082,950
new shares.

Delivery of the sold shares will take place by delivery of 2,112,150 existing
shares borrowed from Newbrott AS pursuant to a share lending agreement entered
into between ABG Sundal Collier ASA, Newbrott AS and the Company. Newbrott AS is
a company controlled by primary insider Åsmund Furuseth, CPO of Kahoot!.

The option strike prices are granted in the period from 2017, and accordingly
the issue price for the new shares varies from NOK 1.6667 to NOK 31, so that:

-	2,842,450 shares are issued at NOK 1.6667
-	148,250 shares are issued at NOK 6.6667
-	37,300 shares are issued at NOK 8.333
-	13,400 shares are issued at NOK 10
-	5,700 shares are issued at NOK 13.333
-	7,500 shares are issued at NOK 16
-	10,000 shares are issued at NOK 16.06
-	88,000 shares are issued at NOK 17.13
-	36,000 shares are issued at NOK 20
-	6,500 shares are issued at NOK 31

The following primary insiders have exercised share options and sold shares in
the transaction referred to above: 

- Åsmund Furuseth, CPO of the Company, has sold 100,000 shares acquired by the
exercise of 100,000 vested options at a strike price of NOK 1.6667 per share.
Following this transaction, Åsmund Furuseth and his related parties will own
7,606,000 shares and 100,000 options in the Company.

- Sarah Blystad, employee representative of the board of directors, has sold
36,000 shares acquired by the exercise of 36,000 vested options at a strike
price of NOK 20 per share. Following this transaction Sarah Blystad will own
72,000 options in the Company.

- Patrik Jandusik, deputy employee representative of the board of directors, has
sold 3,000 shares acquired by the exercise of 3,000 vested options at a strike
price of NOK 6.6667 per share. Following this transaction Patrik Jandusik will
own 6,050 options in the Company.

For further information please contact: 

Ken Østreng, CFO
Phone: +47 911 51 686
Email: keno@kahoot.com

Trine Haaland Danjalsson, Corporate Legal Director
Phone: +47 481 86 690
Email: trined@kahoot.com

About Kahoot!
Kahoot! is on a mission to make learning awesome! We want to empower everyone,
including children, students, and employees to unlock their full learning
potential. Our learning platform makes it easy for any individual or corporation
to create, share, and play learning games that drive compelling engagement.
Launched in 2013, Kahoot!'s vision is to build the leading learning platform in
the world. In the last 12 months, 300 million games have been played on the
Kahoot! platform with 1.9 billion participating players in more than 200
countries. The Kahoot! family also includes award-winning DragonBox math
learning apps, the Poio learn to read app, the Drops language learning apps, the
Actimo and Motimate employee engagement and corporate platforms and
Whiteboard.fi, the online whiteboard tool for all educators, teachers and
classrooms, and Clever Inc., the leading learning platform in K-12 US education.
The Kahoot! Group is headquartered in Oslo, Norway with offices in the US, the
UK, France, Finland, Estonia, Denmark and Spain. Kahoot! is currently listed on
the Oslo Stock Exchange under the ticker KAHOT. Let's play!

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

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Analyst Recommendations on ABG SUNDAL COLLIER HOLDING ASA
More recommendations
Sales 2020 1 886 M 225 M 225 M
Net income 2020 412 M 49,1 M 49,1 M
Net cash 2020 1 058 M 126 M 126 M
P/E ratio 2020 8,21x
Yield 2020 15,7%
Capitalization 4 289 M 513 M 511 M
EV / Sales 2019 0,96x
EV / Sales 2020 0,94x
Nbr of Employees 320
Free-Float 71,7%
Duration : Period :
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Managers and Directors
Jonas Str÷m Chief Executive Officer
Geir B°rge Olsen Chief Financial Officer
Knut Brundtland Chairman
Per Tharaldsen Head-Information Technology
John A. S. Olaisen Head-Global Research