EXERCISE OF STOCK OPTIONS
On 1st July 2014, a total number of 124,000 stock
options were exercised at NOK 2.30 per share
according to current employee stock option program.
For details, see notification of 22nd of August 2013.
Itera ASA has used 108,000 of its own shares to cover
part of this redemption of stock options, while the
remaining 16.000 options were fulfilled as cash
settlements. After this transaction, Itera ASA has no
shares of its own.
Following primary insiders have exercised options:
Executive Vice President, Anders Lier, has exercised
50.000 stock options. He now holds 80.072 shares and
530.000 shares on contract (forwards), corresponding
to a total of 610.072 shares. In addition, Anders
Lier has 250.000 options.
Executive Vice President, Kristian Enger, has
exercised 30.000 options. He now holds 117.472 shares
and 140.000 options.
Executive Vice President, Niko Nyström, has exercised
20.000 options. He now holds 73.736 shares and
96.000 options.
CEO Itera Denmark, John Aalling, has exercised 8.000
options. He now holds 104.165 shares directly, and
10.000 shares indirectly through Potten Aps,
corresponding to 114.165 shares. In addition, John
Aalling has 40.000 options.
For further information, please contact:
Torunn Havre tel. +47 909 43 403