Cloudberry Clean Energy Annual report 2020

133 Cloudberry Annual report 2020 Financial statements The table shows the outstanding warrants as of 1 January 2020 and 31 December 2020 and movements in the year: Outstanding warrants 01.01.2020 - Granted in 2020 2 200 000 Exercised in 2020 - Expired in 2020 - Outstanding warrants 31.12.2020 2 200 000 Exircisable 31.12.2020 - Charged to profit and loss statement 2020 (tNOK) 1 460 Charged to equity 2020 (tNOK) 1 251 As of the date of the annual report the following warrants have been issued in 2020. NOK 1 000 # Warrants Grant date Expiry date Remaining years Exercise price Share Price (grant date) Warrant package #1 775 000 20.03.2020 20.03.2025 4.22 11.1 11.1 Warrant package #2 1 425 000 25.09.2020 25.09.2025 4.74 12.2 13.1 2 200 000 4.55 11.8 12.4 There has been no payment of renumeration to the Board of Directors in 2020, this will be paid in May 2021.