Aker Solutions to Execute Employee Share Purchase Program
September 28, 2015 - Aker Solutions will offer employees in selected jurisdictions the opportunity to buy shares in the company.
The 2015 employee share purchase program allows participants to acquire shares for between NOK 10,000 and NOK 60,000. Participants are offered a general discount of NOK 1,500 on their total share purchase. In addition, a price reduction of 25 percent of the share price will apply in exchange for the purchased shares being subject to a three year lock-up period. The purchase will be financed by a loan from Aker Solutions to be settled by salary deductions over a twelve-month period.
Aker Solutions will also offer selected managers the opportunity to buy additional shares worth as much as 25 percent of their annual base salary. A price reduction of 25 percent of the share price will apply in exchange for the purchased shares being subject to a three-year lock-up period. The managers are responsible for the financing and upfront cash settlement of these purchases.
The subscription period for both programs is November 5-20, 2015.
The price per share will be based on the average volume-weighted share price on the Oslo Stock Exchange over the period December 7-11, 2015. Shares will be allocated to participants on December 14, 2015.
The company will purchase own shares in the open market for onwards sale to participants under the programs.
Having made this announcement, Aker Solutions is legally committed to selling shares to subscribing participants on the terms applicable to the share programs.
For further information, please contact:
Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel: +47 67 59 42 71, Mob: +47 480 27 575, E-mail: email@example.com
Anne Cecilie Lund-Andersen, Media Relations Manager, Aker Solutions. Tel: +47 22 94 74 52, Mob: +47 99 62 12 13, E-mail: firstname.lastname@example.org
David Phillips, Head of Industry & Investor Relations, Aker Solutions. Tel: +44 208 811 7111, Mob: +44 7788 338 887, E-mail: email@example.com
Lasse Torkildsen, Senior Advisor, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194, E-mail: firstname.lastname@example.org
Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 16,000 people in about 20 countries. Go to www.akersolutions.com for more information on our business, people and values.
This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.