Notification to the stock exchange Kongsberg Automotive ASA
Grant of restricted shares in Kongsberg Automotive ASA ("the Company").
1.By resolution of the Annual General Meeting 5 June 2018, and in accordance with recommendation by the Nomination Committee, the Company's Board Directors, who are primary insiders, were granted 46,555 restricted shares in the Company.
The shares have been provided by transfer from the Company's holding of treasury shares. Subsequent to the transaction, the Company holds 1,802,657 own shares.
The shares were granted on the following terms:
-Each of the Directors shall receive restricted shares in KA for NOK 100,000 calculated on basis of the share price at closing June 6th 2018 (NOK 10.74).
-No consideration shall be paid for the shares, but the Directors cannot sell any of the shares before June 6, 2021.
2.The primary insiders mentioned below were granted the following number of shares:
Bruce E. Taylor 9,311
Ellen M. Hanetho 9,311
Thomas Falck 9,311
Gunilla Nordstrom 9,311
Ernst F. Kellermann 9,311
46,555
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 167,059
Ellen M. Hanetho 24,017
Thomas Falck 1,024,017
Gunilla Nordstrom 24,017
Ernst F. Kellermann 34,017