Scatec ASA Welcomes New Executive with Share Options Grant

Scatec ASA Welcomes New Executive

Scatec ASA is excited to announce the appointment of Alberto Gambacorta as the new Executive Vice President (EVP) for Sub-Saharan Africa. This announcement comes as part of the company's ongoing commitment to enhance its leadership in renewable energy solutions. Gambacorta's extensive experience and visionary approach are expected to propel Scatec towards achieving its ambitious growth targets in emerging markets.

Share Options Granted to Gambacorta

In alignment with Scatec's share-based incentive program for its leadership team, Gambacorta has been awarded 12,707 share options. These options will grant him the right to subscribe for and receive one share in Scatec ASA for each option exercised. This grant aligns with the company's strategy to motivate and retain top talent, encouraging long-term commitment to its goals.

The share options will have a strike price set at NOK 78.66 per share. This is consistent with the strike price applied to the options granted to other executives under Scatec's long-term incentive program introduced in January earlier this year. The options will remain valid until January 2030 but are structured to vest in three annual tranches. The first tranche of options will become vested on January 1, 2026.

Understanding the Market Abuse Regulation

Scatec ASA is committed to maintaining transparency and compliance with all regulatory requirements. The company has adhered to the Market Abuse Regulation (MAR), specifically Article 19, ensuring that all transactions related to share options and executive compensation are duly reported and disclosed. This commitment not only reflects Scatec's ethical standards but also reinforces its reputation as a trustworthy entity in the renewable energy sector.

About Scatec ASA

Founded with the mission to provide renewable energy solutions, Scatec ASA operates as a leader in its field, fostering access to reliable and affordable clean energy worldwide. With a robust portfolio, Scatec has more than 5 GW of renewable projects currently in operation or under development, spanning across five continents. The company’s initiatives are fueled by a passionate team determined to enhance the global energy landscape through sustainable practices and technology.

Headquartered in Oslo, Norway, Scatec ASA is publicly traded on the Oslo Stock Exchange with the ticker symbol ‘SCATC’. The company's ongoing dedication to environmental stewardship and sustainability sets it apart as a frontrunner in the renewable energy market.

Contact Information for Scatec ASA

For further inquiries regarding investor relations or corporate strategies, interested parties can reach out to Andreas Austrell, VP of Investor Relations, via telephone at +47 974 38 686. For electronic correspondence, he can be directly contacted via email, ensuring effective communication for all stakeholders.

Frequently Asked Questions

What is the role of Alberto Gambacorta at Scatec ASA?

Alberto Gambacorta has been appointed as the Executive Vice President of Sub-Saharan Africa, focusing on expanding Scatec's influence in that region.

What does the issuance of share options to Gambacorta mean?

The share options serve as a financial incentive that aligns Gambacorta’s interests with the company’s long-term success, promoting commitment and performance.

How long will the options remain valid?

The options will be valid until January 2030, with vesting staggered over three years, starting January 1, 2026.

What is Scatec ASA's primary focus as a company?

Scatec ASA is dedicated to providing renewable energy solutions, with a strong focus on developing and operating clean energy projects globally.

How can I learn more about Scatec ASA?

For more information, visit Scatec's official website or connect with them on LinkedIn for the latest news, updates, and corporate insights.

About The Author

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