Exercise of employee share options in Atea ASA ("the Company").
1. Out of a total of 1,390,327 exercisable options, employees in the Atea Group have exercised 322,331 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 3,223,310 by issuing 322,331 new shares, of par value NOK 10. Following the increase the Company's share capital is NOK 1,001,736,880 divided into 100,173,688 shares. The weighted average option exercise price is NOK 34.60.
2. Options exercised by primary insiders February 9, 2012:
Carl-Johan Hultenheim has exercised a total of 13,333 options in the Company, corresponding to 13,333 shares at the strike price of NOK 40.64.
3. Transfer of rights
On February 9, 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.
Carl-Johan Hultenheim
4. New holding
After exercising options, Carl-Johan Hultenheim holds 26,667 unexercised options in the Company, corresponding to 26,667 shares at the strike price of NOK 40.64 and 200,000 unexercised options in the Company, corresponding to 200,000 shares at the strike price of NOK 49.60. As of today the primary insider holds no 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 5800 employees. Atea is present in 79 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 20 billion in 2011 and is listed on Oslo Stock Exchange.
www.atea.com
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