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StrongPoint

StrongPoint

StrongPoint ASA: Additional information ordinary general meeting

09:37 / 12 April 2019 StrongPoint Press release

In the notice to the ordinary general meeting of StrongPoint ASA, Note 9 Discussion of the Board of Directors' declaration of the specification of salaries and other remuneration for leading personnel pursuant to section 6-16 f the Norwegian Public Limited liabilities Companies Act, it is referred to note 9 in the Annual report.

Note 9 in the Annual report states that the Board has set a limit regarding performance-based renumeration for the CEO and other executive management. It cannot exceed 40 % of the fixed salary.

The board has decided that from 2019 it cannot exceed 50 % of fixed salary. The Board has furthermore decided that 30 % of the gross bonus amount shall be used to purchase shares in StrongPoint ASA, with a 3-year lock-in period. Previous, participation in share holder programme was optional for management, and tie-up period was maximum 12 months.

For additional information please contact:
Hilde Horn Gilen
CFO, StrongPoint ASA
Phone +47 920 60 158

About StrongPoint:

StrongPoint's mission: Driving Retailers' productivity by providing innovative integrated Technology Solutions enabling retailers to perform to their full potential.

StrongPoint has its headquarter at Rælingen, and has approximately 540 employees in Norway, Sweden, the Baltics, France, Germany, Belgium, Spain, Russia and Malaysia. StrongPoint has the ticker "STRONG" on Oslo Stock Exchange. For further information: www.strongpoint.com

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

Declaration of determination of salaries and other remuneration

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: StrongPoint ASA via Globenewswire

GlobeNewswire

This information was distributed by GlobeNewswire https://www.globenewswire.com/