Exercise of employee share options in Atea ASA ("the Company")
1. Employees in the Atea Group have exercised 898,905 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 898,905 by issuing 898,905 new shares, of par value NOK 1. Following the increase, the Company's share capital is NOK 108,690,517 divided into 108,690,517 shares. The weighted average option exercise price is NOK 47,06.
2. Options exercised by primary insiders 19 October 2018:
Aleksandr Novik has exercised 10,000 options in the Company, corresponding to 10,000 shares at the strike price of NOK 45,25.
Arunas Bartusevicius has exercised 33,333 options in the Company, corresponding to 33,333 shares at the strike price of NOK 45,25.
Carl-Johan Hultenheim has exercised 100,000 options in the Company, corresponding to 100,000 shares at the strike price of NOK 45,25.
Göran Frislund has exercised 1,000 options in the Company, corresponding to 1,000 shares at the strike price of NOK 45,25.
Jarno Oksanen has exercised 5,000 options in the Company, corresponding to 5,000 shares at the strike price of NOK 45,25.
Juha Sihvonen has exercised 33,333 options in the Company, corresponding to 33,333 shares at the strike price of NOK 45,25.
Malene Rhode Carstensen has exercised 14,667 options in the Company, corresponding to 14,667 shares at the strike price of NOK 45,25.
Morten Felding has exercised 66,667 options in the Company, corresponding to 66,667 shares at the strike price of NOK 45,25.
Rasmus Hauge Mathiassen has exercised 2,400 options in the Company, corresponding to 2,400 shares at the strike price of NOK 48,50.
3. Transfer of right
The primary insiders mentioned above 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 in the market. The results of the sales process and final number of new shares for primary insides will be announced in a separate stock exchange notice when known.
4. New holding
After exercising options, Aleksandr Novik holds 22,500 options and 60,000 shares in the Company.
After exercising options, Arunas Bartusevicius holds 190,000 options and 23,587 shares in the Company.
After exercising options, Carl-Johan Hultenheim holds 375,000 options and 14,000 shares in the Company.
After exercising options, Göran Frislund holds 11,000 options and 120 shares in the Company.
After exercising options, Jarno Oksanen holds 15,000 options and 0 shares in the Company.
After exercising options, Juha Sihvonen holds 190,000 options and 0 shares in the Company.
After exercising options, Malene Rhode Carstensen holds 30,000 options and 1,000 shares in the Company.
After exercising options, Morten Felding holds 210,000 options and 0 shares in the Company.
After exercising options, Rasmus Hauge Mathiassen holds 9,600 options and 0 shares in the Company.
For further information, please contact:
Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655
Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188
About Atea
Atea is the leading supplier of IT infrastructure and system integration in the Nordic and Baltic regions with more than 7,200 employees. Atea is present in 87 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 approximately NOK 32 billion in 2017 and is listed on Oslo Stock Exchange. www.atea.com