SATS ASA awards matching shares to senior executives and key employees

SATS ASA has announced the award of 126,287 Matching Shares to four participants in its 2022 Share Investment Program. This allows senior executives and key employees to receive additional shares without consideration, at a ratio of 0.33:1 based on shares initially acquired. The Matching Shares are valued at NOK 33.17 each, reflecting the closing trading price on October 29, 2025, with a 10.12% discount due to a one-year lock-up obligation.

The company settled its obligation using existing treasury shares. Prior to the award, SATS ASA held 4,922,241 shares; after the award, treasury shares total 4,795,954, representing approximately 2.35% of the issued share capital.

Among the recipients were primary insiders and their close associates. Mira Investment AS, a close associate of CEO Sondre Gravir, was awarded 88,107 shares. Moneypenny Invest AS, a close associate of CFO Cecilie Elde, received 5,874 shares, and Evert Holding AS, a close associate of country manager Norway Wenche Evertsen, was awarded 8,811 shares. All these transactions were made at a price of NOK 0 and occurred outside a trading venue on October 30, 2025.