Item 8.01. Other Events.
On November 13, 2023, FREYR Battery (the "Company" or "FREYR") released a letter to shareholders from its Executive Chairman and Co-Founder, Tom Jensen, and its Chief Executive Officer, Birger Steen. One of the commitments made in the letter was that certain members of the management team and board of directors would purchase Company shares in the open market. In line with the Company's policies, the Company allowed management and directors to purchase Company ordinary shares beginning November 30, 2023. As of December 7, 2023, the directors and officers mentioned in the table below had purchased an aggregate of 240,000 Company ordinary shares, and had the following direct ownership of Company ordinary shares:
| Name | Title |
Shares
Purchased
|
Total Shares Held After Purchase |
| Tom Einar Jensen |
Executive Chair and Co-Founder
|
60,000 | 1,590,953 |
| Peter Matrai | Director | 60,000 | 1,181,326 |
| Birger Steen |
Chief Executive Officer and Director
|
60,000 | 60,000 |
| Oscar K. Brown | Chief Financial Officer | 60,000 | 60,000 |
| 240,000 | 2,892,279 |
Assuming FREYR's previously announced process to redomicile from Luxembourg to the U.S. is approved at the extraordinary general meeting of shareholders to be held on December 15, 2023, FREYR expects to be subject to the insider reporting requirements of section 16 of the Securities Exchange Act of 1934 (the "Act") as of January 2024. FREYR disclaims any duty to update the above disclosures regarding insider purchases and ownership of the Company's ordinary shares, outside of its requirements under the Act.
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FREYR Battery SA published this content on 07 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 December 2023 13:24:50 UTC.
