Aker Solutions ASA: Buy-Back of Own Shares to Meet Obligations Arising From Incentive Programs
May 6, 2021 – Aker Solutions ASA (“Aker Solutions”) will allocate shares to eligible participants under two incentive programs established for executives and senior managers of Kværner ASA (“Kvaerner”). The programs were originally launched by Kvaerner in 2018 and 2019 and include a right to receive shares for participants who remain employed after three years.The obligation to honor share allocation in the programs was transferred from Kvaerner to Aker Solutions as part of the merger of the companies on November 10, 2020. Participants in the programs are entitled to receive a total of 1,