Exercise of employee share options in company Reach
Subsea ASA ("the Company").
1. Participants in the Company's share option program
have on September 12th 2014 exercised a total number
of 322.882 options. Following the share option
exercise, the Board of Directors, pursuant to
authorization granted by the company`s Annual General
Meeting, has resolved to increase the Company`s share
capital by NOK 322.882 by issuing 322.882 new shares,
of par value NOK 1. Following the increase the
Company`s share capital is NOK 76.241.065 divided
into 76.241.065 shares.
2. Options exercised by primary insiders September
12th 2014:
Alendal, Jostein (CEO) has exercised 50.000 options
in the Company, corresponding to
50.000 shares at the strike price of NOK 3,20.
Johansen, Birgitte Wendelbo (CFO) has exercised
53.125 options in the Company, corresponding to
53.125 shares at the strike price of NOK 3,20.
Høgheim, Bård Thuen has exercised 53.125 options in
the Company, corresponding to 53.125 shares at the
strike price of NOK 3,20.
Nilsen Jr., Åge J. has exercised 63.750 options in
the Company, corresponding to 63.750 shares at the
strike price of NOK 3,20.
3. New holding
After exercising options, Alendal, Jostein holds
146.094 unexercised options in the Company,
corresponding to 146.094 shares at the strike price
of NOK 3,20. After completion of the abovementioned
transactions, the primary insider holds 5.351.539
shares in the Company.
After exercising options, Johansen, Birgitte Wendelbo
holds 106.250 unexercised options in the Company,
corresponding to 106.250 shares at the strike price
of NOK 3,20. After completion of the abovementioned
transactions, the primary insider holds 139.050
shares in the Company.
After exercising options, Høgheim, Bård Thuen holds
106.250 unexercised options in the Company,
corresponding to 106.250 shares at the strike price
of NOK 3,20. After completion of the abovementioned
transactions, the primary insider holds 53.125 shares
in the Company.
After exercising options, Nilsen Jr., Åge J. holds
31.875 unexercised options in the Company,
corresponding to 31.875 shares at the strike price of
NOK 3,20. After completion of the abovementioned
transactions, the primary insider holds
3.813.699shares in the Company.
The total number of unexercised options in Reach
Subsea ASA will after these transactions be 1.232.134.
For further information, please contact
Birgitte W Johansen (CFO): +47 99 45 12 79