Oslo 28 August 2017 - On 31 May 2017, the annual general meeting
of Axactor AB (publ) resolved to issue a new incentive program for
the group management, country managers, employees in managing
positions within each country manager's organizations respectively
and other key employees (the "Program").The new Program is based
on the same principles as the previous program issued in November
2015. The duration of the Program is four years. Under the
Program, the board of directors was authorised to award employee
stock options that in total give the right to subscribe for up to
40 million new shares in Axactor AB (publ). As per today, a total
of 14,500,000 employee stock options have been awarded to members
in the group management and other important key employees on the
group level. The complete terms and conditions for the Program can
be found at https://www.axactor.com/sites/default/files/item_16a_-
_stock_option_program_a_2017_-_1064866_v2.pdf.
The following primary insiders have been awarded employee stock
options under the Program:
Endre Rangnes, CEO, has been awarded 5,000,000 options in Axactor
AB (publ)
Johnny Tsolis, EVP & S&P, has been awarded 3,000,000 options in
Axactor AB (publ)
Oddgeir Hansen, COO, has been awarded 3,000,000 options in Axactor
AB (publ)
Geir Johansen, CFO, has been awarded 750,000 options in Axactor AB
(publ)
Robin Knowles, EVP PA, has been awarded 1,250,000 options in
Axactor AB (publ)
Siv Farstad, EVP HR, has been awarded 1,000,000 options in Axactor
AB (publ)
Anders Gulbrandsen, Treasury Manager, has been awarded 200,000
options in Axactor AB (publ)
Eilif Drageseth, Business Controller, has been awarded 100,000
options in Axactor AB (publ)
Anita Høst, Head of Legal and Compliance, has been awarded 200,000
options in Axactor AB (publ)
One option can be converted into one share in Axactor AB (publ).
For additional information, please contact:
Endre Rangnes, CEO Axactor
Mobile phone: +47 4822 1111
Email: endre.rangnes@axactor.com
or
Geir Johansen, CFO & Investor Relations, Axactor
Mobile phone: +47 4771 0451
Email: geir.johansen@axactor.com
www.axactor.com
About Axactor
Axactor Group specializes in both Debt Collection and Debt
Purchasing across several countries, with operations in Italy,
Germany, Norway, Sweden and Spain. The company has a Nordic base
and an ambitious Pan-European growth strategy, which targets the
market for non-performing loans (NPL) in Europe. This market is
estimated to be about 1,500 billion euros across Europe providing
significant opportunities for Axactor's future expansion. Axactor
has approximately 888 employees.