Investor relations

Kahoot! ASA – Mandatory notification of trade by primary insiders

Oslo, 27 May 2022

Reference is made to the annual general meeting of Kahoot! ASA (the “Company”) on 27 May 2022 and the extraordinary general meeting held on 23 February 2021.

Attachments
Andreas Hansson - grant of RSUs Christer Stefan Blom - grant of RSUs Joanne Bradford - exercise of RSUs Joanne Bradford - grant of RSUs Lori Wright - exercise of RSUs Lori Wright - grant of RSUs

On the extraordinary general meeting held on 23 February 2021 the general meeting resolved to grant restricted share units (“RSUs”) for an amount equal to USD 150,000 to each of the board members Lori Wright and Joanne Bradford. Based on the volume weighted average price for the Company’s shares the last three business days prior to the extraordinary general meeting on 23 February 2021, each of Lori Wright and Joanne Bradford were granted 11,556 RSUs.

In accordance with the terms and conditions for the RSUs outlined in the notice to the extraordinary general meeting held on 23 February 2021, the RSUs have vested. The Company has received a notification for the exercise of 11,556 RSUs from each of Lori Wright and Joanne Bradford, in total 23,112 RSUs. Each RSU gives the right to acquire one share in the Company for a price of NOK 0.10 per share.

On the annual general meeting of Kahoot! ASA on 27 May 2022 it was resolved to grant RSUs to the shareholder-elected board members as part of the board of directors remuneration for the period from the annual general meeting in 2022 and until the annual general meeting in 2023. Each RSU gives the right to acquire one share in the Company at a price of NOK 0.10 per share (corresponding to the nominal value of the shares) subject to satisfaction of the applicable vesting conditions.

Each shareholder elected board member was granted RSUs for an amount equal to USD 100,000 which, based on the volume weighted average price for the Company’s shares the last three business days prior to the AGM of NOK 25.61 and the USD/NOK exchange rate of 9.62 equals 37,563 RSUs.

The following shareholder-elected board members were accordingly granted RSUs:

Andreas Hansson: 37,563 RSUs. Following this grant, Andreas Hansson holds 37,563 RSUs, no options and no shares in the Company.

Stefan Blom: 37,563 RSUs. Following this grant, Stefan Blom holds 37,563 RSUs, 300,000 share options and 50,000 shares in the Company.

Lori Wright: 37,563 RSUs. Following this grant, Lori Wright holds 49,119 RSUs (whereof 11,556 RSUs have been exercised but not settled as of the date hereof), no options and no shares in the Company.

Joanne Bradford: 37,563 RSUs (whereof 11,556 RSUs have been exercised but not settled as of the date hereof). Following this grant, Joanne Bradford holds 49,119 RSUs, no options and no shares in the Company.

 

For further information, please contact:

Eilert Hanoa, CEO
Phone: +47 928 32 905
Email: eilerth@kahoot.com

Ken Østreng, CFO
Phone: +47 911 51 686
Email: keno@kahoot.com

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

About Kahoot!

Kahoot! is on a mission to make learning awesome! We want to empower everyone, including children, students, and employees to unlock their full learning potential. Our learning platform makes it easy for any individual or corporation to create, share, and host learning sessions that drive compelling engagement. Launched in 2013, Kahoot!’s vision is to build the leading learning platform in the world. Since launch, Kahoot! has hosted hundreds of millions of learning sessions with over 7 billion participants (non-unique) in more than 200 countries and regions. The Kahoot! Group includes Clever, the leading US K-12 EdTech learning platform, together with the learning apps DragonBox, Poio, Drops, Actimo, Motimate, and Whiteboard.fi. The Kahoot! Group is headquartered in Oslo, Norway with offices in the US, the UK, France, Finland, Estonia, Denmark, Spain and Poland. Kahoot! is listed on the Oslo Stock Exchange under the ticker KAHOT. Let’s play!