Reference is made to the Board of Directors’ approval of a long-term incentive program on 10 December 2018.
The following primary insider has been granted options:
- Solfrid Fluge Andersen: 30,000 options, now holding a total of 60,000 options
One third of the options 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 37.9 and expire on 15 February 2023.
The long-term incentive 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.
Following Ingeborg Morken’s resignation, her 60,000 unvested options are no longer valid.
The total number of options granted is now 930,000.
For queries, please contact:
Per Axel Koch, Chairman, +47 481 20 000
Rolf Barmen, CEO, +47 900 80 950