Photocure ASA: Update on management shareholdings and exercise of employee share

Update on management shareholdings and exercise of employee share options in Photocure ASA ("the Company").

Oslo, Norway, 24 November 2016

1.    Participants in the Photocure's share option program have on November 23rd 2016 exercised a total number of 12,481 options. Each option gives the right to receive one share in the Company. The company has resolved a share capital increase as a consequence of employees exercising vested options granted under the company's employee incentive scheme.

2.    Options exercised by primary insiders 23rd of November 2016:
Espen Njåstein, Head Nordic Cancer Commercial Operations, has exercised 5,000 options in the Company, corresponding to 5,000 shares at the strike of NOK 27.39.

3.    New holding
After exercising options, Espen Njåstein holds 80,450 unexercised options in the Company, corresponding to 13,000 shares at the strike price of NOK 27.39, 23,300 shares at the strike price of NOK 32.78, 16,350 shares at the strike price of NOK 38.50, and 27,800 shares at the strike price of NOK 40.15. After completion of the abovementioned transactions, Espen Njåstein holds 5,000 shares in the Company.

Photocure
CFO Erik Dahl
Tel: +47 450 55 000
Email: ed@photocure.no

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

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

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