Archer Limited : Grant of Options
Hamilton, Bermuda (March 4, 2014) The Board of Archer Limited has granted share options to members of its executive management and senior managers. The share options are each granted at a subscription price of NOK 7.18 per share following the close of Oslo Stock Exchange on 3 March 2014. The options will vest 1/3 on 1 March for each of the next three years. The options have a term life from the grant date until 1 March 2020. The below management employees have received new options and are considered Primary Insiders in Archer Limited. Mr. Christoph Bausch, EVP and Chief Financial