Aker Solutions Employees Buy Shares for NOK 60 Million
December 9, 2019 - Aker Solutions employees bought shares for NOK 60 million as part of share purchase programs for staff and managers. About 1,400 employees, or 15 percent of eligible staff, participated.
Eligible staff could buy Aker Solutions shares for as much as NOK 60,000 each. The shares were offered at a 25 percent reduction on the market price and a one-off discount of up to NOK 3,000 on each participant’s total share purchase.
Selected managers were also offered the chance to buy additional shares for as much as 25 percent of each individual's salary. These were also at a 25 percent price reduction.
The subscription period for the employee and manager programs ran from November 1 to November 22. The shares were allocated on December 9 and priced at NOK 21.7207 each before the price reduction and discount, which was the average volume-weighted share price of Aker Solutions on the Oslo Stock Exchange from December 2 to December 6, 2019.
Aker Solutions ASA sold a total of 2,710,165 own shares in connection with the programs, leaving the company with 101,636 own shares.
Acquired shares under both programs are subject to a three-year lock-up during which participants will not be able to sell the shares.
For more information about the share purchase program, please see the release published November 1, 2019.
Ivar Simensen, mob: +47 464 02 317, email: firstname.lastname@example.org
Fredrik Berge, mob: +47 450 32 090, email: email@example.com
Aker Solutions helps the world meet its energy needs. We engineer the products, systems and services required to unlock energy. Our goal is to maximize recovery and efficiency of oil and gas assets, while using our expertise to develop the sustainable solutions of the future. Aker Solutions employs approximately 16,000 people in more than 20 countries.
This press release may include forward-looking information or statements and is subject to our disclaimer, see https://akersolutions.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.