Exercise of employee share options in Atea ASA ("the Company")
1. Out of a total of 1,040,964 exercisable options, employees in the Atea Group have exercised 541,849 options. Following the share option exercise the Board of Directors, pursuant to authorisation granted by the Company's Annual General Meeting, has decided to increase the Company's share capital by NOK 5,418,490 by issuing 541,849 new shares, of par value NOK 10. Following the increase the Company's share capital is NOK 1,039,665,350 divided into 103,966,535 shares. The weighted average option exercise price is NOK 50.96.
2. Options exercised by primary insiders 30 April 2014:
Carl-Johan Hultenheim has exercised a total of 66,667 options in the Company, corresponding to 66,667 shares at the strike price of NOK 49.60.
Rune Falstad has exercised a total of 33,333 options in the Company, corresponding to 33,333 shares at the strike price of NOK 50.25.
Chris Sørum has exercised a total of 3,333 options in the Company, corresponding to 3,333 shares at the strike price of NOK 50.25 and 3,333 options in the Company, corresponding to 3,333 shares at the strike price of NOK 57.25.
Ole Johan Fjellestad has exercised a total of 3,333 options in the Company, corresponding to 3,333 shares at the strike price of NOK 50.25.
Anders Brix has exercised a total of 3,333 options in the Company, corresponding to 3,333 shares at the strike price of NOK 57.25.
Arunas Bartusevicius has exercised a total of 33,333 options in the Company, corresponding to 33,333 shares at the strike price of NOK 50.25.
3. Transfer of rights
On 30 April 2014 the primary insiders mentioned below transferred their rights to receive shares resulting from the exercise of options to a third party. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party when selling the shares in the market. Still, primary insiders cannot be held liable for losses incurred by the third party if the shares are later sold below the strike price. Final compensation for the transferred rights will be reported to Oslo Stock Exchange, when known.
Carl-Johan Hultenheim
Rune Falstad
Chris Sørum
Ole Johan Fjellestad
Anders Brix
Arunas Bartusevicius
4. New holding
After exercising options, Carl-Johan Hultenheim holds 66,667 options in the Company. As of today the primary insider holds no shares in the Company.
After exercising options, Rune Falstad holds 166,667 options in the Company. As of today the primary insider holds 39,500 shares in the Company.
After exercising options, Chris Sørum holds 10,001 options in the Company. As of today the primary insider holds no shares in the Company.
After exercising options, Ole Johan Fjellestad holds 6,667 options in the Company. As of today the primary insider holds no shares in the Company.
After exercising options, Anders Brix holds 53,334 options in the Company. As of today the primary insider holds 1,000 shares in the Company.
After exercising options, Arunas Bartusevicius holds 66,667 options in the Company. As of today the primary insider holds 23,587 shares in the Company.
The payment from the share option exercise has been determined based on a selling price of NOK 67.3694 per share.
For further information, please contact:
Rune Falstad, CFO Atea ASA, mobile +47 906 14 482
About Atea
Atea is the leading Nordic and Baltic supplier of IT infrastructure with approximately 6,100 employees. Atea is present in 83 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from leading vendors and assist its customers with specialist competencies within IT infrastructure services. Atea had revenue of more than NOK 22 billion in 2013 and is listed on Oslo Stock Exchange.
www.atea.com
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