Exercise of employee share options in Atea ASA ("the Company")
1. Employees in the Atea Group have exercised 126,667 options.
Following the share option exercise the Board of Directors, pursuant to authorisation granted by the Company's Annual General Meeting, has decided to increase the Company's share capital by NOK126,667 by issuing 126,667 new shares, of par value NOK 1.
Following the increase, the Company's share capital is NOK 106,621,681 divided into 106,621,681 shares. The weighted average option exercise price is NOK 47.82.
2. Options exercised by primary insiders 17 July 2017:
Morten Felding has exercised 66,667 options in the Company, corresponding to 66,667 shares at the strike price of NOK 36.50.
Michael Jacobs has exercised 50,000 options in the Company, corresponding to 50,000 shares at the strike price of NOK 63.25.
3. Transfer of right
On 17 July 2017, the primary insider Morten Felding and Michael Jacobs transferred the rights to receive shares resulting from the exercise of options to a third party. The payment was determined based on a selling price of NOK 102,2432 per share.
4. New holding
After exercising options, Morten Felding holds 66,667 options and 0 shares in the Company.
After exercising options, Michael Jacobs holds 250,000 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
Atea is the leading supplier of IT infrastructure and system integration in the Nordic and Baltic regions with 6,900 employees. Atea is present in 86 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 31 billion in 2016 and is listed on Oslo Stock Exchange. www.atea.com