On December 3, 2021, primary insiders in Atea ASA completed the following transactions.
Steinar Sønsteby exercised 508,693 options in the Company at the average strike price of NOK 70.24. Following withholding of income taxes, Steinar Sønsteby acquired 375,000 shares in the company.
Steinar Sønsteby sold 250,000 shares to Systemintegration ApS at an average price of NOK 162.00. Systemintegration is controlled by Ib Kunøe, who is Chairman of the Board of Atea ASA.
The remaining 125,000 shares are to be transferred to SS Holding AS, a personal holding company controlled by Steinar Sønsteby.
Following the transaction:
Steinar Sønsteby owns 125,000 shares and holds 1,016,307 stock options in Atea ASA.
Ib Kunøe and close associates controls 30,249,140 shares in Atea ASA, representing 27.0% of the share capital.
Atea ASA has used 375,000 of its own shares to fulfill the company's obligations under its employee stock option agreements. Following the completion of this transaction, the company holds 608,567 of its own shares.
For further information, please contact:
Robert Giori, CFO Atea ASA, mobile +47 934 09 188
Ole Johan Fjellestad, Group Chief Accountant, mobile +47 992 74 829