Dec 28, 2021

Stock options exercised

This announcement contains inside information about the exercise of stock options in SPENN Technology A/S.

Company Annoucement No. 76

Three primary insiders of SPENN Technology A/S have exercised stock options of 2.5 million shares each on 28 December 2021.

Jens Glaso, CEO of SPENN Technology, exercised his stock option of 2.5 million shares, purchased for NOK 0.404 per share. The shares are immediately transferred to JAC Invest AS, a holding company fully owned by Glaso. Following the transfer, JAC Invest AS owns 497,418,360 shares in SPENN Technology A/S. Jens Glaso personally holds an additionally 19,800,000 shares in the company.

Bård Bjerkås, Chief Legal Officer at SPENN Technology, exercised his stock option of 2.5 million shares, purchased for NOK 0.404 per share. The shares are immediately transferred to Janus Invest AS, a holding company fully owned by Bjerkås. Following the transfer, Janus Invest AS owns 110,423,563 shares in SPENN Technology A/S.

Karl-Anders Grønland, Chairman of the Board of Directors of SPENN Technology, exercised his stock option of 2.5 million shares, purchased for NOK 0.404 per share. The shares are immediately transferred to Montebello Vinselskap og Invest AS, a holding company fully owned by Grønland. Following the transfer, Montebello Vinselskap og Invest AS owns 60,634,778 shares in SPENN Technology A/S.

In addition, Daniel Aanonsen, Head of Coaching of SPENN Technology A/S and based in Zambia, exercised his stock option of 1.25 million shares, purchased for NOK 0.404 per share. Following the purchase, Aanonsen owns an additionally 11,605,000 shares in the company.

The option holders will pay employer’s tax and other taxes incurred as a result of the transactions.

For tax purposes, the price on exercise of 28 December 2021 (DKK 0.270) is used as a basis. The taxes to be paid for tax domiciled Norwegians when exercising depends upon the share quotes on the time of exercise.


For further Information, please contact:

Jens B. Glaso, CEO SPENN Technology A/S. Phone +47 40 40 47 50
Certified Adviser: Baker Tilly Corporate Finance P/S, Att.: Gert Mortensen, Partner. Phone: +45 33 45 10 00, www.bakertilly.dk

SPENN Technology A/S
CVR nr.: 26518199
Njalsgade 76, 4.
2300 København S
Tel: +45 8830 0000
www.spenn.com

About SPENN Technology A/S

In a world where 1.7 billion people are still unbanked, SPENN Technology has democratized access to financial markets by bridging the crypto sphere with traditional finance. By utilizing blockchain technology Blockbonds has created a robust real-time payment system in which everyone can manage their savings, payments, investments and loans in an honest, transparent and secure way through the SPENN App platform. Although SPENN Technology A/S is a purpose-driven company with our vision to empower people, we are also a commercial player that always strives to develop new services for our customers.

The SPENN app is an innovative and unique digital banking platform for the unbanked as well as the banked to be able to send and receive money completely cost-free, in markets where the cost of financial services is the highest in the world. SPENN is disrupting the existing mobile payment distribution channels. SPENN has recently launched new integrated services in the platform and expects to launch more crypto services going forward.

SPENN is a technology provider to banks and governments based on a Software as a Service (SaaS) solution and has grown to become a key partner for their bank partners to drive deposits and to stay in front of innovation. SPENN is helping governments regulate the unregulated utilizing new technology and visionary ideas which have ultimately solved the biggest issue within financial inclusion.

SPENN Technology A/S is listed on the Nasdaq First North Growth Market Denmark. Ticker code: SPENN

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