Exercise of stock options
In reference to the information contained in the prospectus that the total number of stock options exercisable as of February 28, 2021 was 3,188,795, Huuuge, Inc. (the “Issuer”) announces the completion of its first stock option exercise period following the publication of the prospectus. As of June 30, 2021, 980,286 stock options have been exercised and, in addition, the Issuer expects that 17,510 stock options will be exercised by July 18, 2021. Once the options are exercised and the Issuer’s shares are credited to the securities accounts of the incentive plan participants, the shares may be traded by the respective incentive plan participants without further restrictions.
The Issuer allocated 997,796 of the Issuer’s treasury shares for the exercise of the stock options, which constitutes 1.2% of the Issuers outstanding shares. No new shares have been issued by the Issuer in connection with the exercise of the options and the Issuer’s treasury shares will reduce the number of new shares available for issuance under the incentive plans. Accordingly, the number of treasury shares held by the Issuer will be reduced to approximately 2,333,872.
Legal basis: Article 17(1) of the MAR.