Exercise of employee share options in Atea ASA ("the Company").
1. Out of a total of 1,522,990 exercisable options, employees in the Atea Group have exercised 220,999 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 2,209,990 by issuing 220,999 new shares, of par value NOK 10. Following the increase the Company's share capital is NOK 998,513,570 divided into 99,851,357 shares. The weighted average option exercise price is NOK 27.52.
2. Options exercised by primary insiders October 27, 2011:
Lars Pettersson has exercised a total of 33,334 options in the Company, corresponding to 33,334 shares at the strike price of NOK 19.20 and 66,666 options in the Company, corresponding to 66,666 shares at the strike price of NOK 40.64.
3. Transfer of rights
On October 27, 2011 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.
Lars Pettersson
4. New holding
After exercising options, Lars Pettersson holds 133,334 unexercised options in the Company, corresponding to 133,334 shares at the strike price of NOK 40.64. As of today the primary insider holds 3,000 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 5500 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 approximately NOK 17 billion in 2010 and is listed on Oslo Stock Exchange.
www.atea.com
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