Reference is made to the Fjordkraft Holding ASA prospectus from the initial public offering, dated 9 March 2018, where it is stated that the Board of Directors will consider the establishment of a long-term share incentive program for its key employees following the listing.
On 10 December 2018, the Board of Directors approved a long-term incentive program where a total of 870,000 options were granted to key employees.
The program is subject to approval at the Annual General Meeting on 14 May 2019. If the Annual General Meeting does not approve the program, a cash settlement of the options contracts will be provided to the employees.
The following primary insiders have been granted options:
Rolf Barmen: 120,000 options, now holding a total of 41,052 shares and 120,000 options
Birte Strander: 60,000 options, now holding a total of 27,766 shares and 60,000 options
Ingeborg Morken: 60,000 options, now holding a total of 10,197 shares and 60,000 options
Arnstein Flaskerud: 60,000 options, now holding a total of 22,260 shares and 60,000 options
Alf Kåre Hjartnes: 60,000 options, now holding a total of 8,833 shares and 60,000 options
Jeanne Tjomsland: 60,000 options, now holding a total of 18,678 shares and 60,000 options
Solfrid Aase: 60,000 options, now holding a total of 7,456 shares and 60,000 options
Torkel Rolfseng: 30,000 options, now holding a total of 8,548 shares and 30,000 options
Ole Johan Langenes: 30,000 options, now holding a total of 6,450 shares and 30,000 options
Morten Opdal: 30,000 options, now holding a total of 3,081 shares and 30,000 options
One third of the options each person is granted vest on 15 February 2020, one third vest on 15 February 2021 and one third vest on 15 February 2022. The options have a strike price of NOK 33 and expire on 15 February 2023.
For queries, please contact:
Per Axel Koch, Chairman, +47 481 20 000
Rolf Barmen, CEO, +47 900 80 950