Today, a total number of 1,010,000 stock options were exercised at
NOK 2.30 per share and 178,000 stock options at NOK 3.89 per share
in accordance with outstanding employee stock option programmes.
Please refer to notifications of 22 August 2013 and 8 July 2016,
respectively.
Itera ASA has used 908,000 of its own shares to cover this
redemption of stock options. After this transaction, Itera ASA has
63,935 own shares. The remaining 280,000 options were redeemed
through a cash settlement.
Following primary insiders have exercised options:
CEO Arne Mjøs has exercised 500,000 options and now holds 19,076,998
shares in addition to 3,900,000 future contracts, in total
22,976,998 (28.0%) through his investment company Arne Mjøs Invest
AS. In addition, he has 480,000 outstanding options.
Executive Vice President, Kristian Enger, has exercised 94,000
options and now holds 304,535 shares and 164,000 options.
Executive Vice President, Jon Erik Høgberg, has exercised 88,000
options for a cash settlement and now holds 505,007 shares and
214,000 options.
Executive Vice President, Niko Nystrøm, has exercised 74,000 options
and now holds 247,776 shares and 166,000 options.
CCO Ane Gjennestad has exercised 50,000 options and now holds
103,063 shares and 46,000 options. The shares are owned through her
investment company Triceps AS.
Executive Vice President Igor Mendzebrovski has exercised 150,000
options and now holds 150.000 shares.
CEO of Itera Aps (Denmark), John Aalling, has exercised 16,000
options for a cash settlement and now holds 48,000 options.
IT Director Merete Jordal has exercised 40,000 options for a cash
settlement.
CEO of Compendia AS Oddvar Håland has exercised 80,000 options for a
cash settlement settlement and now holds 3,063 shares and 56,000
options.
For further information, please contact:
Bent Hammer, CFO, tel. +47 982 15 497