Panoro Energy - Awards and exercise under RSU program and mandatory notification of trades
Oslo, 06 August 2018 - Panoro Energy ASA (the “Company” or “Panoro” with OSE ticker: “PEN”) announces awards and exercise of Restricted Share Units (“RSUs”) and notification of primary insider trades. Awards of RSUs For the year 2018, the Board of Directors have granted 376,333 RSUs to the key employees of the Company under the Long-Term Incentive Plan (“LTIP”) approved by the shareholders at the 2018 Annual General Meeting. The awards are based on specific performance criteria as previously approved by the Board of Directors. One RSU will entitle the holder to receive one share in