Oslo, Norway, 18 January 2023: The Board of Directors has today proposed to increase the Company’s equity incentive program from 5% to 10% of the at any time outstanding shares in the Company. It is further proposed to issue 12,700,000 additional warrants under the program. The new warrants will together with the previously issued warrants equal 7.8 % of the Company’s currently outstanding shares. Each of the new warrants will give the holder a right to subscribe for one share in the Company at a strike price of NOK 12.60 per share, which represents the closing price on 18 January 2023. In accordance with the terms of the Company’s equity incentive plan, the new warrants vest over a three-year period, with 1/3 annually. Warrants which have not been exercised in accordance with the terms of the equity incentive plan lapse after 5 years. The proposal to…