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    ARGEO   NO0010946593

ARGEO AS

(ARGEO)
Real-time Quote. Real-time Oslo Bors - 05/25 08:28:23 am
4.85 NOK   -1.02%
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Argeo: Option program update

12/16/2021 | 10:36am EDT
Asker, 16.12.2021: Following the commitment to allocate options to the Board of
Directors and CFO as described in the information document published in
connection with the listing on Euronext Growth Oslo in April, and approval of
the share option program at the Extraordinary General Meeting on the 10th
December 2021, the following remuneration has been granted the Board of
Directors and employees. 

A total number of 995,000 share options were granted. 

Primary insiders in Argeo AS have received the following grants of options:

Jan Grimnes, Chairman of the Board: 70,000 new options. Following the allocation
Grimnes owns 1.469.512 shares and 153,689 warrants via Redback AS and 70,000
options.

Geir Kaasen, board member: 70,000 new options. Following the allocation Kaasen
owns 109,662 shares and 67,415 warrants via Eurovest AS and 120,000 options.

Ann-Christin Andersen, board member: 70.000 new options. Following the
allocation Andersen owns 70,000 options. 

Jim Dåtland, board member: 70,000 new options. Following the allocation Dåtland
owns 70,000 options. 

Arne Kjørsvik, board member: 70,000 new options. Following the allocation
Kjørsvik owns 70,000 options. 

Odd Erik Rudshaug, CFO: 100,000 new options. Following the allocation Rudshaug
owns 100,000 options. 

Ronny Bøhn, COO: 70,000 new options. Following the allocation Bøhn owns 70,000
options. 

Elisabeth Andenæs, Marketing Manager: 20,000 new options. Following the
allocation Andenæs owns 9.600 shares and 20,000 options. 


The following conditions apply to the allocated options:

1.	Vesting scheme, calculated from the time of commitment/ allocation:
- 25% of the options vest after 1 year 
- A further 25% of the options vest after 2 years
- The remainder of the options vest after 3 years

2.	Strike price: NOK 8.20

3.	Maturity
The options mature 5 years after committed/allocated, which was 26th of April
2021 for the options to the Board members and CFO and 16th of December 2021 for
all others.


For more information, please contact:
Trond Figenschou Crantz, CEO
Email: trond.crantz@argeo.no
Phone: +47 976 37 273

About Argeo
Argeo is a company with a mission to transform the ocean surveying and
inspection industry by utilizing autonomous surface and underwater robotics
solutions. Equipped with unique sensors and advanced digital imaging technology,
the Autonomous Underwater Vehicles ("AUVs") will significantly increase
efficiency and imaging quality in addition to contribute to significant
reduction in CO2 emissions from operations for the global industry in which the
Company operates. 

The Company's highly accurate digital models and digital twin solutions are
based on geophysical, hydrographic and geological methods from shallow waters to
the deepest oceans for the market segments Infrastructure, Offshore Wind, Oil &
Gas and Deep-Sea Minerals. Argeo was established in 2017 and has offices in
Asker and Tromsø, Norway. Since its incorporation, Argeo has carried out complex
projects for some of Norway's largest companies in the field.
www.argeo.no

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials
Sales
Net income
Net Debt
P/E ratio
Yield
Capitalization 209 M 21,7 M 21,7 M
EV / Sales -1
EV / Sales 0
Nbr of Employees 47
Free-Float -
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Managers and Directors
Trond Erling Figenschou Crantz Chief Executive Officer
Odd Erik Rudshaug Chief Financial Officer
Jan Pihl Grimnes Chairman
Thorbj°rn Rekdal Chief Technology Officer
Bj°rn Jensen Chief Operating Officer