LINK Mobility - Employee Share Purchase Program (ESPP) share issuance

LINK Mobility Group Holding ASA (LINK) has completed a new round of its share purchase program (ESPP) for employees.

Under the terms of the ESPP, all employees have been given the opportunity to apply for shares for up to a maximum amount of NOK 100,000. The shares are subject to a lock-up period of 12 months. Upon allocation, the subscription price of the shares was set to NOK 9.598, based on a valuation of NOK 11.997, which corresponds to the seven-day volume weighted average LINK share price (VWAP) prior to the final day of the subscription period, 25 May 2023, to which a 20 per cent discount was applied. As part of ESPP, employees may, after a vesting period of two years, receive 1 matching share (subject to payment of the nominal value per share only) per 3 shares subscribed for subject to certain conditions being fulfilled.

Based on subscription for shares by employees in this round of the ESPP, the board has today resolved to increase the company's share capital with up to NOK 873.46 from NOK 1,479,451.53 up to NOK 1,480,324.99 by issuing up to 174,692 new shares at a subscription price of NOK 9.598 per share, each with a nominal value of NOK 0.005.

The following primary insider subscribed for shares under ESPP and gained the right to matching shares:

Morten Edvardsen, CFO, was allocated 8,335 shares under ESPP.

Primary insider notification pursuant to the EU Market Abuse Regulation Article 19 is attached.

For further information, please contact

Tom Rogn, VP Investor Relations +47 94 85 56 59
tom.rogn@linkmobility.com

About LINK Mobility

LINK is an award-winning, leading global provider of mobile messaging and communications platform as a service (CPaaS) solutions for increased engagement. The company serves enterprise, SME, and government customers. LINK offers a wide range of innovative and scalable mobile solutions, creating valuable digital convergence between businesses and customers, governments and citizens, platforms and users. LINK has 51,000 active customer accounts globally and exchanges 17 billion messages a year. LINK is listed on the Oslo Stock Exchange under the ticker LINK. For more information about LINK, please see www.linkmobility.com and follow LINK Mobility on LinkedIn

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.