Reference is made to the long-term incentive program for key employees that was established by the Board of Directors on 10 December 2018.
In connection with the appointment of Per Heiberg-Andersen as EVP Nordic, the Board of Directors approved the grant of 40,000 additional options on 9 November 2020.
The program is subject to approval at the Annual General Meeting. 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 insider has been granted options:
Per Heiberg-Andersen: 40,000 options, now holding a total of 40,000 options
Half of the options granted vest on 15 February 2022. The options have a strike price of NOK 79.7 and expire on 14 February 2023
The other half of the options vest on 15 February 2023. The options have a strike price of NOK 79.7 and expire on 14 February 2027.
The total number of options outstanding is now 1,190,000.
The following primary insiders are now holding options:
Rolf Barmen: holding a total of 44,052 shares and 160,000 options
Birte Strander: holding a total of 28,516 shares and 80,000 options
Arnstein Flaskerud: holding a total of 26,760 shares and 80,000 options
Jeanne Tjomsland: holding a total of 19,078 shares and
80,000 options
Alf Kåre Hjartnes: holding a total of 8,833 shares and
70,000 options
Roger Finnanger: holding a total of 884 shares and 80,000 options
Solfrid Aase: holding a total of 7,856 shares and 80,000 options
Christian Kalvenes: holding a total of 931 shares and 80,000 options
Solfrid Fluge Andersen: holding a total of 80,000
options
Per Heiberg-Andersen: holding a total of 40,000 options
Ole Johan Langenes: holding a total of 7,000 shares and
40,000 options
Morten A. W. Opdal: holding a total of 3,481 shares and 40,000 options
For queries, please contact:
Rolf Barmen, CEO, +47 900 80 950