Shares sold to partners
On 15 March 2023 ABG Sundal Collier Holding ASA (“ABGSC”) sold a total of 10,425,000 ABG shares to new and existing partners in a combination of a share incentive program for partners and a share sale to specially identified staff who according to local regulations have to purchase shares as part of their variable compensation. The shares were sold at a price of NOK 5.27 per share, reflecting the restrictions imposed on such shares.
Of the 10,425,000 shares sold, 9,920,000 shares were sold on forward contracts with a forward price of NOK 6.52 per share and settlement on 1 June 2028.
Insider transactions
Co-head of Investment Banking and CEO ABGSC Norway, Kristian B. Fyksen, purchased through the 100% owned company KBF AS 1,000,000 shares on a forward contract with settlement 1 June 2028 at a forward price of NOK 6.52 per share. In addition, Fyksen purchased 250,000 shares with immediate cash settlement at a price of NOK 5.27 per share to comply with local regulations. Fyksen, incl. the 100% owned company KBF AS, owns 1,050,000 shares plus 1,700,000 shares on forward contracts following the transactions.
Treasury shares
ABGSC owns 13,401,251 treasury shares following the transactions above. ABGSC has forward contracts with partners purchasing a total of 90,295,700 with settlement in 2023 – 2028. ABGSC has authorization to re-purchase its shares in the market or to issue new shares.
Contacts:
Jonas Ström, CEO +46 8 566 294 68
Geir B. Olsen, CFO +47 22 01 60 35