Exercise of employee share options in Atea ASA ("the Company")
1. Out of a total of 1,614,660 exercisable options, employees in the Atea Group have exercised 716,997 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 7,169,970 by issuing 716,997 new shares, of par value NOK 10. Following the increase the Company's share capital is NOK 1,012,510,200 divided into 101,251,020 shares. The weighted average option exercise price is NOK 39.56
2. Options exercised by primary insiders October 25, 2012:
Tor Arve Ballo has exercised a total of 6,667 options in the Company, corresponding to 6,667 shares at the strike price of NOK 32.00.
Juha Sihvonen has exercised a total of 33,333 options in the Company, corresponding to 33,333 shares at the strike price of NOK 40.64.
Rune Falstad has exercised a total of 100,000 options in the Company, corresponding to 100,000 shares at the strike price of NOK 40.64.
Claus Hougesen has exercised a total of 333,333 options in the Company, corresponding to 333,333 shares at the strike price of NOK 40.64.
3. Transfer of rights
On October 25, 2012 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.
Tor Arve Ballo
Juha Sihvonen
Rune Falstad
Claus Hougesen
4. New holding
After exercising options, Tor Arve Ballo holds no unexercised options in the Company. As of today the primary insider holds 1,500 shares in the Company.
After exercising options, Juha Sihvonen holds 66,667 unexercised options in the Company, corresponding to 66,667 shares at the strike price of NOK 40.64. As of today the primary insider holds no shares in the Company.
After exercising options, Rune Falstad holds 100,000 unexercised options in the Company, corresponding to 100,000 shares at the strike price of NOK 40.64. As of today the primary insider holds 74,500 shares in the Company.
After exercising options, Claus Hougesen holds 166,667 unexercised options in the Company, corresponding to 166,667 shares at the strike price of NOK 40.64. As of today the primary insider holds 411,490 shares in the Company.
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 6,300 employees. Atea is present in 82 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from leading vendors and assists its customers with specialist competencies within IT infrastructure services. Atea had revenue of more than NOK 20 billion in 2011 and is listed on Oslo Stock Exchange.
www.atea.com