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Chairpersons

Goodtech ASA Issues Share-Based Compensation to Board Members

Strategic Insights

— 1 min read

Following the resolution passed at the general meeting on 24 April 2025, Goodtech ASA's board members are now eligible to receive part of their remuneration in the form of shares in the company. This decision aims to increase the board members' ownership in Goodtech and align their interests with those of the shareholders. Four shareholder-elected board members and primary insiders have opted to receive shares as part of their remuneration. The shares are allocated at market price, calculated based on the 10-day volume-weighted average prior to the 2025 Annual General Meeting, with a reduction corresponding to the value of the hold-up period of one year.

Key Takeaways:

  • The board members can opt to receive up to NOK 82,500 in shares as part of their remuneration, with the chairman receiving NOK 82,500 and other board members receiving NOK 41,250.
  • Four shareholder-elected board members and primary insiders have opted to receive shares, including Mimi Berdal (Chairman of the board), Rachid Bendriss (Board member), Age Westbo, and Frode Haugli.
  • The shares are allocated at a market price of NOK 7.448 per share, based on the 10-day volume-weighted average prior to the 2025 Annual General Meeting.
  • The allocation of shares to the primary insiders is as follows: Mimi Berdal will receive 11,076 shares, Rachid Bendriss will receive 5,538 shares, Age Westbo will receive 5,538 shares, and Frode Haugli will receive 5,538 shares.
  • Pursuant to the authorizations granted at the Company's general meeting on 24 April 2025, the board of directors has resolved to increase the Company's share capital by NOK 55,380 through the issuing of 27,690 new shares.
  • The new share capital will be NOK 59,257,742, distributed across 29,628,871 shares with a nominal value of NOK 2 per share.

Statistics:

  • Market price: NOK 7.448 per share
  • Maximum share-based compensation: NOK 82,500
  • Share allocation to primary insiders: 11,076 shares to Mimi Berdal, 5,538 shares to Rachid Bendriss, 5,538 shares to Age Westbo, and 5,538 shares to Frode Haugli
  • Share capital increase: NOK 55,380
  • Number of new shares issued: 27,690
  • New share capital: NOK 59,257,742
  • Total number of shares: 29,628,871
  • Nominal value per share: NOK 2

Sources:

  • Goodtech ASA news release, 24 April 2025

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