Exercise of employee share options in Atea ASA ("the Company")
1. Employees in the Atea Group have exercised 128,667 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 NOK 128,667 by issuing 128,667 new shares, of par value NOK 1. Following the increase, the Company's share capital is NOK 107,710,612 divided into 107,710,612 shares. The weighted average option exercise price is NOK 56.41.
2. Options exercised by primary insiders 9 February 2018:
Juha Sihvonen has exercised 33,334 options in the Company, corresponding to 33,334 shares at the strike price of NOK 52,50.
3. Transfer of right
On 9 February 2018, the primary insider Juha Sihvonen 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, Juha Sihvonen holds 33,333 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 87 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 32 billion in 2017 and is listed on Oslo Stock Exchange. www.atea.com