Reference is made to the stock exchange notice on August 9, 2023, regarding the
Employee Share Savings Program.
Under the terms of the Program, participating employees may allocate a fixed
amount of their monthly after-tax salary to purchase shares in Atea ASA (up to a
maximum per month of NOK 1,000 in Norway, SEK 1,000 in Sweden, DKK 700 in
Denmark and EUR 100 per month in Finland and the Baltic countries). Shares are
purchased by employees from Atea ASA's treasury share holdings at market price.
The price of the shares purchased is determined based on the volume-weighted
average price of the ATEA share on the day preceding the share transfer.
As an additional incentive, participating employees will receive one "bonus"
share for each two ordinary shares purchased under the Program after a vesting
period in which the specified ordinary shares must be held. The vesting period
is three years for executive management and two years for all other employees.
The participant must also remain employed by Atea during the vesting period in
order to receive the bonus share. The "bonus" share is treated as a restricted
stock unit (RSU) under IFRS 2 Share-Based Payment.
On August 20, Atea ASA transferred 85,824 treasury shares to employees based on
the following transactions in the Employee Share Savings program. After the
transactions, Atea ASA owns 676,801 of its own shares.
1. Employee share purchase
On August 4, 3,019 employees in the Atea group entered a contract to purchase a
total of 61,799 shares in Atea ASA. Shares were purchased from Atea's treasury
share holdings at a share price of NOK 140.10 per share, corresponding to the
volume-weighted average share price on August 4, 2025. The cost of the shares
will be deducted from the employees' after-tax salary in August, September and
October.
The following primary insiders acquired ATEA shares under the Atea Share Savings
Program and are subject to public disclosure requirements as a result of share
transaction volumes during calendar year 2025.
Arunas Bartusevicius (Managing Director, Atea Baltics) purchased 25 shares under
the Program. After the transaction, the primary insider holds 147,368 shares,
280,000 options and 119 RSUs in the Company.
Robert Giori (Group CFO) purchased 21 shares under the Program. After the
transaction, the primary insider holds 126,998 shares, 500,000 options and 102
RSUs in the Company. The shareholding includes shares held by close associates
and through his holding company Four Leaf Clover AS.
Carl-Johan Hultenheim (Group COO) purchased 22 shares under the Program. After
the transaction, the primary insider holds 14,216 shares, 600,000 options and
104 RSUs in the Company.
Ole Petter Saxrud (Managing Director, Atea Norway) purchased 21 shares under the
Program. After the transaction, the primary insider holds 1,711 shares, 370,000
options and 102 RSUs in the Company.
Juha Sihvonen (Managing Director, Atea Finland) purchased 25 shares under the
Program. After the transaction, the primary insider holds 248 shares, 420,000
options and 119 RSUs in the Company.
Steinar Sønsteby (Group CEO) purchased 21 shares under the Program. After the
transaction, the primary insider holds 125,211 shares, 1,000,000 options and 102
RSUs in the Company. The shareholding includes shares held through his holding
company SS Holding AS.
Linus Wallin (Managing Director, Atea Sweden) purchased 22 shares under the
program. After the transaction, the primary insider holds 216 shares, 400,000
options and 104 RSUs in the Company.
2. Award of bonus shares
On August 8, non-executive employees received the right to bonus shares after
having held shares purchased through the program for the required vesting
period. In total, 24,025 shares have been transferred from Atea's treasury
holdings to employee accounts.
For further information, please contact:
Robert Giori, CFO Atea ASA, mobile +47 934 09 188
Ole Johan Fjellestad, Group Chief Accountant, mobile +47 992 74 829