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

1. Employees in the Atea Group have exercised 673,639 options. Following the share option exercise the Board of Directors, pursuant to authorisation granted by the Company's Annual General Meeting, has decided to sell 466,969 of the Company's holding of treasury shares and to provide a cash settlement for the remaining 206,670 options exercised. After this transaction the Company holds 7,844 treasury shares.

2. Options exercised by primary insiders 27 April 2016:
Attila Fransen has exercised 10,000 options in the Company, corresponding to 10,000 shares at the strike price of NOK 37.50.
Malene Carstensen has exercised 6,667 options in the Company, corresponding to 6,667 shares at the strike price of NOK 37.50.
Anders Brix has exercised 16,667 options in the Company, corresponding to 16,667 shares at the strike price of NOK 37.50.
Juha Sihvonen has exercised 33,333 options in the Company, corresponding to 33,333 shares at the strike price of NOK 62.25.
Morten Felding has exercised 66,667 options in the Company, corresponding to 66,667 shares at the strike price of NOK 43.00.
Arunas Bartusevicius has exercised 33,334 options in the Company, corresponding to 33,334 shares at the strike price of NOK 37.50.
Jarno Oksanen has exercised 5,000 options in the Company, corresponding to 5,000 shares at the strike price of NOK 37.50.
Christian Stangeland has exercised 3,334 options in the Company, corresponding to 3,334 shares at the strike price of NOK 37.50.
Chris Sørum has exercised 3,334 options in the Company, corresponding to 3,334 shares at the strike price of NOK 37.50.
Niklas Pettersson has exercised 3,000 options in the Company, corresponding to 3,000 shares at the strike price of NOK 37.50.

3. Transfer of rights
On 27 April 2016, the primary insiders mentioned below 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 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.
Attila Fransen, Malene Carstensen, Anders Brix, Juha Sihvonen, Morten Felding, Arunas Bartusevicius, Jarno Oksanen, Christian Stangeland, Chris Sørum, Niklas Pettersson

4. New holding
After exercising options, Attila Fransen holds 20,000 options in the Company. As of today the primary insider holds 1,500 shares in the Company.
After exercising options, Malene Carstensen holds 34,001 options in the Company. As of today the primary insider holds 0 shares in the Company.
After exercising options, Anders Brix holds 30,000 options in the Company. As of today the primary insider holds 1,000 shares in the Company.
After exercising options, Juha Sihvonen holds 100,000 options in the Company. As of today the primary insider holds no shares in the Company.
After exercising options, Morten Felding holds 133,334 options in the Company. As of today the primary insider holds 0 shares in the Company.
After exercising options, Arunas Bartusevicius holds 66,667 options in the Company. As of today the primary insider holds 23,587 shares in the Company.
After exercising options, Jarno Oksanen holds 10,000 options in the Company. As of today the primary insider holds 0 shares in the Company.
After exercising options, Christian Stangeland holds 8,000 options in the Company. As of today the primary insider holds 0 shares in the Company.
After exercising options, Chris Sørum holds 6,000 options in the Company. As of today the primary insider holds 0 shares in the Company.
After exercising options, Niklas Pettersson holds 6,000 options in the Company. As of today the primary insider holds 0 shares in the Company.

For further information, please contact:
Robert Giori, CFO Atea ASA, mobile +47 934 09 188
Chris Sørum, Finance Manager Atea ASA, mobile +47 900 78 818

     
About Atea
Atea is the leading supplier of IT infrastructure and system integration in the Nordic and Baltic regions with 6,800 employees. Atea is present in 89 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from leading vendors and assists its customers with specialist competencies within IT infrastructure services. Atea had revenue of approximately NOK 28 billion in 2015 and is listed on Oslo Stock Exchange.
www.atea.com

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