Awards and exercise under RSU program and mandatory notification of trades
Oslo, 14 June 2017 - 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. Exercise of existing RSUs - settlement in cash Under the Company’s long-term incentive program (“LTIP”), 66,666 RSUs from the year 2016 grant have today vested and been automatically exercised. In accordance with the terms and conditions of the RSUs, for this tranche the Board of Directors have decided to settle all exercised RSUs in cash. Consequently, no new shares will be issued as