Grant of restricted shares in Kongsberg Automotive ASA ("the Company").
1. On 2 June 2017, KA's Board of Directors were granted 73,530 restricted
shares, of which 73,530 to primary insiders.
The underlying shares have been provided by transfer of the Company's holding of
treasury shares. Subsequent to the transaction, Kongsberg Automotive ASA holds
3,154,604 own shares.
The shares were granted on terms resolved by the Company's Annual General
Meeting on 1 June 2017:
· Each of the Directors shall receive restricted shares in KA for NOK
100,000.
· No consideration shall be paid for the shares, but the Directors cannot
sell any of these shares before June 2, 2020.
The number of shares have been determined based on a market price of NOK 6.80
per share.
2. The primary insiders mentioned below were granted the following number of
shares:
Bruce E. Taylor 14,706
Ellen M. Hanetho 14,706
Thomas Falck 14,706
Gunilla Nordstrom 14,706
Ernst F. Kellermann 14,706
73,530
3. New holding
After grant, the primary insiders mentioned in paragraph 2 hold the following
number of shares in Kongsberg Automotive ASA:
Bruce E. Taylor 156,497
Ellen M. Hanetho 14,706
Thomas Falck 1,014,706
Gunilla Nordstrom 14,706
Ernst F. Kellermann 14,706
Investors/analysts:
Norbert Loers, Chief Financial Officer; mobile: +41 79 159 68 16
Media:
Fredrik Tangeraas, Director, Corporate Communications; mobile: +47 924 64 699
About Kongsberg Automotive:
Kongsberg Automotive provides world class products to the global vehicle
industry. Our products enhance the driving experience, making it safer, more
comfortable and sustainable. With revenues of around EUR 1.0 billion and 10.000
employees in 19 countries, Kongsberg Automotive is truly a global supplier. The
company is headquartered in Switzerland and has 29 production facilities
worldwide. The product portfolio includes seat comfort systems, driver and
motion control systems, fluid assemblies, and industrial driver interface
products developed for global vehicle manufacturers. Find more information at
www.kongsbergautomotive.com