Exercise of employee share options in Atea ASA ("the Company")
1. Employees in the Atea Group have exercised 423,621 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 423,621 by issuing 423,621 new shares, of par value NOK 1.
Following the increase, the Company's share capital is NOK 109,114,138 divided into 109,114,138 shares. The weighted average option exercise price is NOK 45,53.
2. Options exercised by primary insiders 2 February 2019:
Attila Fransén has exercised 10,000 options in the Company, corresponding to 10,000 shares at the strike price of NOK 45,25.
Christian Stangeland has exercised 4,000 options in the Company, corresponding to 4,000 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.
Lill Beate Pedersen has exercised 15,000 options in the Company, corresponding to 15,000 shares at the strike price of NOK 45,25.
Michael Jacobs has exercised 50,000 options in the Company, corresponding to 50,000 shares at the strike price of NOK 53,50.
Ole Johan Fjellestad has exercised 3,000 options in the Company, corresponding to 3,000 shares at the strike price of NOK 45,25
Rasmus Hauge Mathiassen has exercised 600 options in the Company, corresponding to 600 shares at the strike price of NOK 48,50.
Steinar Sønsteby has exercised 50,000 options in the Company, corresponding to 50,000 shares at the strike price of NOK 21,25.
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, Attila Fransén holds 45,000 options and 2,000 shares in the Company.
After exercising options, Christian Stangeland holds 15,000 options and 1,000 shares in the Company.
After exercising options, Göran Frislund holds 10,000 options and 120 shares in the Company.
After exercising options, Lill Beate Pedersen holds 60,000 options and 8,800 shares in the Company.
After exercising options, Michael Jacobs holds 300,000 options and 0 shares in the Company.
After exercising options, Ole Johan Fjellestad holds 3,000 options and 2,500 shares in the Company.
After exercising options, Rasmus Hauge Mathiassen holds 9,000 options and 0 shares in the Company.
After exercising options, Steinar Sønsteby holds 1,455,000 options and 2,000 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 35 billion in 2018 and is listed on Oslo Stock Exchange. www.atea.com