Brief: Cloudberry Clean Energy ASA Has Proposed Increase Of Equity Incentive Program And Conditional Grant Of Warrants

Cloudberry Clean Energy ASA

18/01/2023 20:53

Jan 18 (Reuters) - Cloudberry Clean Energy ASA
 CLOUD.OL :
    * | PROPOSED INCREASE OF EQUITY INCENTIVE PROGRAM AND
CONDITIONAL
GRANT OF WARRANTS
    * CLOUDBERRY CLEAN ENERGY - EACH OF NEW WARRANTS WILL GIVE
HOLDER
A RIGHT TO SUBSCRIBE FOR ONE SHARE IN COMPANY AT A STRIKE PRICE
OF NOK 12.60 PER SHARE
    * IT IS FURTHER PROPOSED TO ISSUE 12,700,000 ADDITIONAL
WARRANTS
UNDER PROGRAM
    * BOARD OF DIRECTORS HAS PROPOSED TO INCREASE CO'S EQUITY
INCENTIVE PROGRAM FROM 5% TO 10%
    * CLOUDBERRY CLEAN ENERGY - EACH OF NEW WARRANTS WILL GIVE
HOLDER
A RIGHT TO SUBSCRIBE FOR ONE SHARE IN COMPANY AT A STRIKE PRICE
OF NOK 12.60 PER SHARE
    * NEW WARRANTS WILL TOGETHER WITH PREVIOUSLY ISSUED WARRANTS
EQUAL
7.8 % OF COMPANY'S CURRENTLY OUTSTANDING SHARES
    * CLOUDBERRY CLEAN ENERGY - EACH OF NEW WARRANTS WILL GIVE
HOLDER
A RIGHT TO SUBSCRIBE FOR ONE SHARE IN COMPANY AT A STRIKE PRICE
OF NOK 12.60 PER SHARE

Source text for Eikon:  ID:nWkrkH7Mw 
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