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

1. Employees in the Atea Group have exercised 960,264 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 NOK 960,264 by issuing 960,264 new shares, of par value NOK 1.

Following the increase, the Company's share capital is NOK 107,581,945 divided into 107,581,945 shares. The weighted average option exercise price is NOK 52,28.

2. Options exercised by primary insiders 20 October 2017:
Anders Brix has exercised 15,000 options in the Company, corresponding to15,000 shares at the strike price of NOK 51,75.

Arunas Bartusevicius has exercised 33,334 options in the Company, corresponding to 33,334 shares at the strike price of NOK 51,75.

Attila Fransén has exercised 10,000 options in the Company, corresponding to 10,000 shares at the strike price of NOK 51,75.

Carl-Johan Hultenheim has exercised 100,000 options in the Company, corresponding to 100,000 shares at the strike price of NOK 51,75.

Christian Stangeland has exercised 4,000 options in the Company, corresponding to 4,000 shares at the strike price of NOK 51,75.

Göran Frislund has exercised 3,000 options in the Company, corresponding to 3,000 shares at the strike price of NOK 51,75.

Ignas Bartkus has exercised 3,333 options in the Company, corresponding to 3,333 shares at the strike price of NOK 51,75.

Jarno Oksanen has exercised 5,000 options in the Company, corresponding to 5,000 shares at the strike price of NOK 51,75.

Malene Rhode Carstensen has exercised 11,333 options in the Company, corresponding to11,333 shares at the strike price of NOK 51,75.

Rasmus Hauge Mathiassen has exercised 3,000 options in the Company, corresponding to 3,000 shares at the strike price of NOK 55,00.

3. Transfer of right
On 20 October 2017, the primary insider Anders Brix, Arunas Bartusevicius, Attila Fransén, Carl-Johan Hultenheim, Christian Stangeland, Göran Frislund, Ignas Bartkus, Jarno Oksanen, Malene Rhode Carstensen and Rasmus Hauge Mathiassen 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.

4. New holding
After exercising options, Anders Brix holds 15,000 options and 1,000 shares in the Company.

After exercising options, Arunas Bartusevicius holds 33,333 options and 23,587 shares in the Company.

After exercising options, Attila Fransén holds 10,000 options and 1,500 shares in the Company.

After exercising options, Carl-Johan Hultenheim holds 100,000 options and 10,000 shares in the Company.

After exercising options, Christian Stangeland holds 4,000 options and 0 shares in the Company.

After exercising options, Göran Frislund holds 3,000 options and 120 shares in the Company.

After exercising options, Ignas Bartkus holds 3,333 options and 0 shares in the Company

After exercising options, Jarno Oksanen holds 5,000 options and 0 shares in the Company.

After exercising options, Malene Rhode Carstensen holds 14,667 options and 1,000 shares in the Company.

After exercising options, Rasmus Hauge Mathiassen holds 5,000 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

About Atea 
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   

Subscribe