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DSRT: Share Option Grant to Executive Chairman and CEO

Desert Control AS (DSRT) · publisert 5. desember 2024 kl. 08:14 · vis på NewsWeb

Transaksjoner

PersonRolleTypeVolumPrisDatoISINHandelsplassTolket via
Ole Kristian Sivertsen CEOother Tildeling750 0000 NOK4. desember 2024Outside of trading venue. NOTIFICATION OF TRANSACTIONS PURSUANT TO THE MARKET ABUSE REGULATION ARTICLE 19rules · til gjennomgang
Lars Raunholt Eismark Chairman of the boardother Tildeling1 500 0000 NOK4. desember 2024Outside of trading venue.rules · til gjennomgang

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Sandnes, Norway 5 December 2024: The Board of Directors of Desert Control AS has resolved an option grant to the Company's Executive Chair, Lars R. Eismark, and the Company's CEO, Ole Kristian Sivertsen. A total of 2,250,000 share options, equal to 4.2% of the total shares issued in the Company have been granted with 1,500,000 and 750,000 options to Mr. Eismark and Mr. Sivertsen respectively. The options will have a three-year vesting period, with initial vesting on the first anniversary of the option grant. Vesting is conditional on the option holder remaining engaged by the Company. For Mr. Eismark, the vesting of options is subject to continuing the position of Executive Chairman. Subject to vesting, each option provides the option holder a right to subscribe or acquire one share in Desert Control AS at a strike price of NOK 5. The strike price is equal to the closing price for the Company's shares on Euronext Growth Oslo on 4 December 2024, which is the date of the grant. The option grant supports the company's transition and commitment to accelerating the development of its LNC technology, improving soil health, conserving natural resources, and creating long-term value through advanced R&D. The company's ambitions assume the services of highly competent key personnel and that Desert Control can provide attractive terms. With the option grant, the executive personnel will align their interests with shareholders to fuel further efforts toward sustainable growth and position the Company as a leader to deliver innovative, economical solutions to address global environmental challenges. The option agreements set out further terms and conditions for the grant, including in case of termination of employment and cancellation of non-exercised options in case of breach of contract or bad leaver situations, accelerated vesting with respect to any change of control, adjustment events, and other customary provisions for such agreements. Primary insider notifications pursuant to the market abuse regulation article 19 are attached. For more information, please contact: Ole Kristian Sivertsen Chief Executive Officer Email: oks@desertcontrol.com Mobile (NOR): +47 957 77 777 Mobile (USA): +1 650 643 6136 Mobile (UAE): +971 52 521 7049 Leonard Chaparian Chief Financial Officer Email: leonard.chaparian@desertcontrol.com Mobile (NOR): +47 90 66 55 40 About Desert Control Desert Control develops innovative solutions to enhance soil health, conserve water, and promote ecosystem resilience. The company's mission is to combat desertification, soil degradation, and water scarcity. Our patented Liquid Natural Clay (LNC) transforms sandy, fast-draining soils to retain water and nutrients, improving soil health, crop yields, and ecosystem vitality while conserving water. Desert Control provides customized solutions to strengthen sustainability, profitability, and prosperity for agriculture, forests, and green landscapes. In collaboration with partners and clients, we aim to preserve natural resources, restore biodiversity, enhance food security, and ensure a climate-resilient future. For more information, visit https://www.desertcontrol.com This information is subject to the disclosure requirements pursuant to the market abuse regulation article 19 and 5-12 of the Norwegian Securities Trading Act.