With reference to the Extraordinary General Meeting on
December 8th 2015, Nordic Semiconductor has on the
26th February 2016 granted 1,590,000 share options to
employees and primary insiders. On the EGM the Company
was given the approval to issue up to 1% of the
outstanding share capital in options to all employees.
According to the approval, the option scheme has a
long term element as options are exercisable over a
three-year period and expire after five years. The
options were granted at a strike price of NOK 47,72
(10% above volume weighted average share price the
week following Q4 2015 results). If the company's
share price exceeds a cap of NOK 143.16, the company
may settle the option grant by compensating the
employee the difference between the cap and the strike
price.
Please refer to the minutes of the December 8th, 2015
EGM for further details of the option plan.
Primary insiders in Nordic Semiconductor have received
the following options grants, according to the terms
described above:
Chief Executive Officer Svenn-Tore Larsen has been
granted 65,575 share options. Following this
transaction, he holds 1,890,400 shares and 640,575
options in the Company.
Chief Financial Officer Pål Elstad has been granted
43,804 share options. Following this transaction, he
holds 3,846 shares and 43,804 options in the Company.
Chief Technology Officer Svein-Egil Nielsen has been
granted 43,804 share options. Following this
transaction, he holds 15,000 shares and 293,804
options in the Company.
Sales and Marketing Director Geir Langeland has been
granted 43,804 share options. Following this
transaction, he holds 177,700 shares and 393,804
options in the Company.
Supply Chain Director Ole-Fredrik Morken has been
granted 43,804 share options. Following this
transaction, he holds 160,000 shares and 108,804
options in the Company.
Quality Director Ebbe Rømcke has been granted 21,771
share options. Following this transaction, he holds
68,900 shares and 121,771 options in the Company.
Group Accounting Manager Irene Eilertsen has been
granted 5,100 share options. Following this
transaction, she holds 25,100 options in the Company.
Financial Analyst Thomas Larsen has been granted 3,500
share options. Following this transaction, he holds
3,500 options in the Company.
Employee Board member Anne Strand has been granted
5,100 share options. Following this transaction, she
holds 7,160 shares and 25,100 options in the Company.
Employee Board member Joakim Ferm has been granted
3,500 share options. Following this transaction, he
holds 23,500 options in the Company.
Employee Board member Lasse Haugnes Olsen has been
granted 3,500 share options. Following this
transaction, he holds 3,500 options in the Company.
For more information, please contact:
Pål Elstad, Chief Financial Officer. +47 991 66 293