Ice Group ASA: Employee share ownership program

Reference is made to the announcements released 8 June 2020 and 25 June 2020 regarding the new employee share ownership program in Ice Group ASA (ICEOP). Ice Group ASA has issued 199,717 new shares as a private placement in connection with ICEOP 2020. After this, the share capital of Ice Group ASA is NOK 181,704,400.20 divided into 201,893,778 shares, each with a nominal value of 0.90 NOK. The shares will be transferred to employees in Ice Group ASA in the coming days.

The share capital increase has been registered by the Norwegian Register of Business Enterprises (Foretaksregisteret), and Ice Group's Articles of association have been revised accordingly.

The subscription price is set at 15.09 NOK, the volume weighted share price on Oslo Børs over the last 20 trading days preceding 25 June 2020. Attached to this release is a list of primary insiders that have subscribed to ICEOP for 2020.


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


About Ice Group ASA

Ice Group is a telecommunications company with a nationwide network in Norway. The company operates a pure 4G mobile network, providing smartphone, m2m, IoT and mobile broadband services to B2C and B2B customers.