Otovo ASA is currently below the statutory threshold for the employees' right to
board representation. The board of directors has accordingly resolved that the
employee board representation arrangement shall cease.
In addition, Nanna Petersen, who served as the only employee representative on
the board of directors, has left the company. Her position on the board ceased
automatically upon the end of her employment, which took effect on 20 August
2026.
The company will accordingly no longer have employee representatives on its
board of directors.
***
For further information, please contact:
William J. (John) Berger, Chief Executive Officer
Email: john.berger@otovo.ai
This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.
About Otovo
Otovo is an AI-Native behind-the-meter energy services company serving homes and
businesses across 15 European markets, Israel and the United States. Otovo
combines equipment monitoring, rapid repairs, dependable power supply and grid
participation in one service. Endurance®, Otovo's AI platform, monitors
installed equipment, optimizes service from problem detection to resolution and
coordinates repairs around the clock. "Your Power, Backed by OursTM." Otovo is
listed on Euronext Oslo Børs under the ticker OTOVO. Visit us at otovo.com.
ticker OTOVO. Visit us at otovo.com.\