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Exercise of employee share options in Atea ASA ("the Company")

Press release 2021-02-10

1. Employees in the Atea Group have exercised 1,652,908 options.

Following the share option exercise the Board of Directors, pursuant to authorization granted by the Company's Annual General Meeting, has decided to increase the Company's share capital by NOK 916,064 by issuing 916,064 new shares, of par value NOK 1.

Following the increase, the Company's share capital is NOK 111,035,110 divided into 111,035,110 shares. The weighted average option exercise price is NOK 94.69.

With reference to the share repurchase program announced on 26 October 2020, Atea have used 736,844 of its own shares to fulfill the company's obligations under its employee stock option agreements. Following this transaction, the company holds 0 of its own shares.

 

2. Options exercised by primary insiders 10 February 2021:

Attila Fransén has exercised 30,000 options in the Company, corresponding to
30,000 shares at the strike price of NOK 97,00.

Göran Frislund has exercised 6,000 options in the Company, corresponding to
6,000 shares at the strike price of NOK 97,00.

Jarno Oksanen has exercised 10,000 options in the Company, corresponding to
10,000 shares at the strike price of NOK 97,00.

Johannes Birk Thomsen has exercised 2,500 options in the Company, corresponding to
2,500 shares at the strike price of NOK 97,00.

Juha Sihvonen has exercised 80,000 options in the Company, corresponding to
80,000 shares at the strike price of NOK 97,00.

Linus Wallin has exercised 30,000 options in the Company, corresponding to
30,000 shares at the strike price of NOK 97,00.

Malene Rhode Carstensen has exercised 20,000 options in the Company, corresponding to
20,000 shares at the strike price of NOK 97,00.

Michael Jacobs has exercised 100,000 options in the Company, corresponding to
100,000 shares at the strike price of NOK 97,00.

Steinar Sønsteby has exercised 55,000 options in the Company, corresponding to
55,000 shares at the strike price of NOK 14,00.

 

3. Transfer of rights and sale of shares
The primary insiders mentioned above transferred their rights to receive shares resulting from the exercise of options to a third party. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party in the market. The results of the sales process and final number of new shares for primary insides will be announced in a separate stock exchange notice when known.

 

4. New holding

After exercising options, Attila Fransén holds 45,000 options and 2,000 shares in the Company.

After exercising options, Göran Frislund holds 9,000 options and 120 shares in the Company.

After exercising options, Jarno Oksanen holds 23,000 options and 0 shares in the Company.

After exercising options, Johannes Birk Thomsen holds 2,500 options and 0 shares in the Company.

After exercising options, Juha Sihvonen holds 280,000 options and 0 shares in the Company.

After exercising options, Linus Wallin holds 45,000 options and 0 shares in the Company.

After exercising options, Malene Rhode Carstensen holds 0 options and 1,000 shares in the Company.

After exercising options, Michael Jacobs holds 300,000 options and 0 shares in the Company.

After exercising options, Steinar Sønsteby holds 1,800,000 options and 0 shares in the Company.

 

For further information, please contact:
Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655
Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188

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