Aker ASA: Mandatory notification of trade
Aker ASA has carried out its second employee share purchase programme for 2015.
Participants in the employee share purchase programme were offered a discount of 20 per cent on the closing share price on 11 December 2015. Hence, each participant paid NOK 132.40 per share. All shares will be locked up for a period of three years from delivery of the shares, during which employees will not be able to sell the shares.
The subscription period for the employee purchase programme ran from 9 December to 11 December 2015.
The following primary insiders have on 11 December purchased shares:
• Frank O. Reite, CFO, has through the company Fausken Invest AS acquired 5 435 shares in Aker ASA. Mr. Reite’s total shareholding after the acquisition will be 5 435 shares, all of which are held through Fausken Invest AS.
• Atle Kigen, Head of Communications, has acquired 244 shares in Aker ASA. Mr. Kigen’s total shareholding after the acquisition will be 6 270 shares.
Aker ASA sold a total of 8 592 own shares in connection with the programme. Following the transaction, Aker ASA holds a total of 8 885 own shares.
In connection with the employee share purchase programme, as well as for other corporate purposes, Aker ASA will purchase up to 200 000 own shares in the open market.
Similarly as for the years from 2011 to 2015, Aker will in 2016 offer all of its employees the opportunity to buy shares in the company in the first half of the year and the second half of the year. The maximum total number of discounted shares each employee can buy varies from 50 to 5 435 shares per employee. A discount of 20 per cent on the closing share price at the end of the subscription period will be offered, and all shares will be locked up for a period of three years from delivery of the shares. The subscription period for the first programme will run from on or about 11 May to on or about 16 May 2016. The subscription period for the second programme will run from on or about 7 November to on or about 11 November 2016.
For further information, please contact:
Atle Kigen, Head of Communications
Phone: +47 24 13 00 08
Mobile: +47 907 84 878
Marianne Stigset, Head of Investor Relations
Phone: +47 24 13 00 66
Mobile: +47 411 88 482