In the period of 12-19 February, Veidekke completed it's share offering to the
employees. 2 522 employees subscribed 1 519 673 shares, resulting in an
oversubscription of 10.22 %. For years, Veidekke has worked to promote employee
co-ownership in the company, and this year's interest has been considerable.
7 644 employees of Veidekke received offers to purchase between 50 and 1 500
Veidekke shares each. 2 522 employees made use of the offer and subscribed a
total of 1 519 673 shares. As there was an oversubscription of 10.22 % a
reduction was done. After the reduction, the employees were permitted to
purchase between 50 and 1 347 shares each, and a total of 1 363 571 shares were
allocated to the employees.
The purchase price was set to NOK 87.96 per share, corresponding to the volume
-weighted average share price on the Oslo Stock Exchange in the subscription
period with a deduction for a discount of 20%. The shares are subject to a two
-year lock-in period.
The purchases of primary insiders, as well as new holdings, are attached to this
report.
Contacts:
Chief Financial Officer Jørgen Wiese Porsmyr, tel. +47 90 75 90 58, jorgen
-wiese.porsmyr@veidekke.no
Finance Consultant Camilla Nordvold, tel. +47 48 13 94 80,
camilla.nordvold@veidekke.no
This information is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.