Correction - Exercise of employee share options in Atea ASA ("the Company")
This is a correction of the announcement from 20.10.2017 16:37.
Options exercised by primary insider 20 October 2017
Lill Beate Pedersen has exercised 15,000 options in the Company, corresponding to 15,000 shares at the strike price of NOK 51,75.
Transfer of right
On 20 October 2017, the primary insider Lill Beate Pedersen, transferred the 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 when selling the shares in the market. Still, primary insiders cannot be held liable for losses incurred by the third party if the shares are later sold below the strike price. Final compensation for the transferred rights will be reported to Oslo Stock Exchange, when known.
After exercising options, Lill Beate Pedersen holds 15,000 options and 8,800 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