On February 17th 2017, all options granted under the 2014
option program expired and where deleted, in total 3,730,702
outstanding options.
With reference to the Annual General Meeting on April 19th,
2016, Nordic Semiconductor has on the 22nd February 2017
granted 1,625,412 share options to employees and primary
insiders. On the AGM the Company was given the approval to
issue up to 1.7 million options in 2017, equivalent to
approximately 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 35,77 (10% above volume weighted average
share price the week following Q4 2016 results). If the
company's share price exceeds a cap of NOK 107.31, 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 131,150 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 87,608 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 87,608 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 87,608 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 87,608 options in the Company.
Director of Strategy and IR Thomas Embla Bonnerud has been
granted 43,804 share options. Following this transaction, he
holds 7,420 shares and 51,804 options in the Company.
Quality Director Ebbe Rømcke has been granted 21,771 share
options. Following this transaction, he holds 68,900 shares
and 43,542 options in the Company.
Group Accounting Manager Irene Eilertsen has been granted
5,369 share options. Following this transaction, she holds
10,469 options in the Company.
Financial Analyst Thomas Larsen has been granted 3,501 share
options. Following this transaction, he holds 7,001 options
in the Company.
Employee Board member Joakim Ferm has been granted 5,952
share options. Following this transaction, he holds 9,452
options in the Company.
Employee Board member Lasse Haugnes Olsen has been granted
3,501 share options. Following this transaction, he holds
7,001 options in the Company.
For more information, please contact:
Pål Elstad, Chief Financial Officer. +47 991 66 293