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Asetek Adjusts Share Options

Asetek A/S, a recognized leader in liquid cooling solutions, disclosed significant adjustments to share options on January 27, 2025. The company's Board of Directors has announced the adjustment of exercise prices on all outstanding option and warrant plans granted to employees, a necessary move following a recent rights issue.

These adjustments are intended to mitigate any financial disadvantages for holders of options and warrants due to share dilution resulting from this rights issue. The Board announced an adjustment factor of 51.1% for the exercise prices related to all outstanding options. This ensures that the value of the options remains equitable for all employees involved.

Here are the specifics of the newly adjusted exercise prices for outstanding options:

• - Grant date: October 30, 2018

Expiry date: October 29, 2025
Original exercise price: DKK 13.82
Adjusted exercise price: DKK 7.06

• - Grant date: September 8, 2019

Expiry date: September 8, 2026
Original exercise price: DKK 7.37
Adjusted exercise price: DKK 3.76

• - Grant date: April 21, 2020

Expiry date: April 21, 2027
Original exercise price: DKK 11.44
Adjusted exercise price: DKK 5.84

• - Grant date: September 5, 2022

Expiry date: September 5, 2027
Original exercise price: DKK 4.49
Adjusted exercise price: DKK 2.29

• - Grant date: December 12, 2023

Expiry date: December 12, 2028
Original exercise price: DKK 4.07
Adjusted exercise price: DKK 2.08

In conjunction with these price adjustments, the Board has also authorized the grant of new share options to members of the Executive Management Team, including former COO, John Hamill. This decision aligns with the terms of their employment agreements and is a component of Asetek’s commitment to fostering a rewarding work environment.

In total, Asetek is set to provide 15,532,800 options, broken down as follows:

• - André Sloth Eriksen (CEO): 9,312,300 options
• - Peter Dam Madsen (CFO): 3,233,400 options
• - John Hamill (Former COO): 2,987,100 options

The exercise price for these newly granted options is set at DKK 0.43, calculated based on the average closing price for Asetek shares on the Nasdaq Copenhagen during the five days preceding the grant date. These options will vest after a period of three years and will remain valid for five years from the date of grant. With this, Asetek A/S maintains a total of approximately 318,239,258 shares outstanding.

This move was particularly anticipated, as the board had initially planned to enact these share grants in 2024, pending clarity on the rights issue. Additionally, the inclusion of former COO John Hamill’s options serves as compliance with his employment terms.

About Asetek

Founded in 2000, Asetek has emerged as a global leader in mechatronic innovation. Known primarily for its advanced liquid cooling systems for gaming PCs, Asetek’s reputation has grown with its range of products designed for immersive SimSports gaming. The company operates from its headquarters in Denmark, maintaining a committed presence in regions like China, Taiwan, and the United States.

For more information, contact:
Per Anders Nyman
Head of Investor Relations
Mobile: +45 2566 6869
Email: [email protected]