Aker Solutions employees buy shares for NOK 137 million
26 June 2012 - Employees in Aker Solutions have acquired shares for
approximately NOK 137 million as part of share purchase programmes in the
"The new share purchase programmes were substantially expanded compared to
previous years, as employees in five new countries were invited to participate
and employees were offered to buy shares for up to NOK 60 000 each. In addition,
a group of eligible senior managers in Aker Solutions was offered to purchase
shares for a maximum amount of 25 per cent of their base salary. The response
was overwhelming. The average purchase amount was almost three times as high as
last year," says Sissel Lindland, chief HR officer in Aker Solutions.
In total, 3 120 participants signed up for the employee share purchase
programme, representing approximately 18 per cent of the eligible employees. The
average purchase amount was NOK 38 000, compared with NOK 15 000 per employee in
the previous programme.
"The programme gives our employees the opportunity to take part in the long term
development of our business, and it creates an even stronger connection between
the company and our staff," says Sissel Lindland.
The participants in the employee share programme have been offered a discount of
NOK 1 500 in addition to a price reduction of 25 % on the share price against
accepting a three-year lock-up period, during which they will not be able to
sell the shares. The group of eligible senior managers that chose to participate
in the additional programme presented to them, have been offered a 25 % price
reduction on the share price against accepting a three-year lock-up period
during which they will not be able to sell the shares.
The subscription period for employee and manager programmes ran from 22 May
2012 to 6 June 2012. Allocation of the shares to be received by each participant
in the share programmes was completed on 26 June 2012, and the shares will be
distributed on or about 28 June 2012.
The share price was based on the average volume weighted share price on the Oslo
Stock Exchange over the 5 day period from 18 to 22 June 2012 giving a price per
share of NOK 77.15590 before the discount and price reduction.
In connection with the programme, Aker Solutions sold a total of 1 785 042 own
shares. Following the transactions, Aker Solutions holds a total of 3 750 313
Enclosed is the overview of shares acquired by primary insiders in relation with
For further information, please contact:
Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,
Mob: +47 911 37 194.
Geir Arne Drangeid, Chief Communications Officer, Aker Solutions. Tel:
+47 67 51 30 36, Mob: +47 913 10 458.
Aker Solutions provides oilfield products, systems and services for customers in
the oil and gas industry world-wide. The company's knowledge and technologies
span from reservoir to production and through the life of a field.
Aker Solutions brings together engineering and technologies for oil and gas
drilling, field development and production. The company employs approximately
25 000 people in more than 30 countries. They apply the knowledge and create and
use technologies that deliver their customers' solutions.
Aker Solutions ASA is the parent company in the group, which consists of a
number of separate legal entities. Aker Solutions is used as the common brand
and trademark for most of these entities. In 2011 Aker Solutions had aggregated
annual revenues of approximately NOK 36.5 billion. The company is listed on the
Oslo Stock Exchange.
This press release may include forward-looking information or statements and is
subject to our disclaimer, see www.akersolutions.com.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.