Exercise of employee options by cash settlement and use of own shares
Participants in the Company's share option programs have on 2 March 2015 exercised a total number of 3 757 335 options in the Company at a strike price of NOK 2.50. This was the final and closing vesting period for the 2010 option programme. The options will be settled by a combination of use of own shares and cash settlement. The board has authorised the Company to settle the options in cash by paying the difference between the share price of NOK 2.71 and the strike price of NOK 2.50 to the employees. The settlement will result in a cash payment of NOK 718 690 to those employees who