Exercise of employee share options in Atea ASA ("the Company")
1. Employee in the Atea Group have exercised 81,000 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 81,000 by issuing 81,000 new shares, of par value NOK 1. Following the increase, the Company's share capital is NOK 107,791,612 divided into 107,791,612 shares. The weighted average option exercise price is NOK 76,24.
2. Options exercised by primary insiders 27 April 2018:
Lorna Stangeland has exercised 50,000 options in the Company, corresponding to 50,000 shares at the strike price of NOK 86,75.
3. Transfer of right
On 27 April 2018, the primary insider Lorna Stangeland 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 117,0001 per share.
4. New holding
After exercising options, Lorna Stangeland holds 150,000 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 7,000 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