Incoming CFO Siw Ødegaard buys shares in EcoOnline
Oslo 02 July 2021: Siw Ødegaard, who will take up the position as Chief Financial Officer (CFO) and head of Investor Relations (IR) of EcoOnline Holding AS (“EcoOnline”) as from August 2021, invests NOK 3 million in EcoOnline shares through her wholly owned company Kvinnesiden AS.
As communicated in the stock exchange announcement issued 18 June this year, the board of directors of EcoOnline has resolved to implement an employee stock purchase plan in the group, in which a part of the program is directed towards new key employees who are invited to acquire/subscribe for (new) shares in the Company.
On this background, Siw Ødegaard through Kvinnesiden AS will invest a total of NOK 3 million in EcoOnline shares based on a 25% discount to the IPO price of NOK 25 per share due to a 3-year lock-up. The investment equals 160,000 new shares to be issued by the company, and a 3-year lock-up period will apply.
As previously announced, Siw Ødegaard has been awarded up to 181,398 non-transferable performance share units (PSUs). Following this purchase, her aggregate holding including shares and maximum number of PSUs will total 341 398 shares and PSUs.
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
About EcoOnline AS
EcoOnline is a European EHSQ SaaS market leader dedicated to developing software creating safer & sustainable workplaces while ensuring compliance and environmental sustainability. EcoOnline has offered a positive contribution to customers and society since its inception and is a chemical management leader in the Nordics, UK and Ireland. The company has a clear history of successfully acquiring and integrating companies with same level of employee engagement as EcoOnline.
Subscribe to our company announcements
Keep up to date with our company announcements by subscribing.