Grant of share options to employees, Atea ASA

The Annual General Meeting 30 April 2013 granted the Board of Directors power of attorney to increase the share capital in connection with the share option program for Atea management and key personnel.

It has been prepared for that the incentives to the management shall be derived from bonus schemes (which are subject to limitations) and options to acquire shares in the company. By such means the incentives of the management are more aligned with the interests of the shareholders.

A total of 750,000 options have been granted to the primary insiders listed below, in line with the guidance approved at the Annual General Meeting. The options have an exercise price of NOK 57.50.

The following primary insiders have been granted share options:

CEO Atea ASA, Steinar Sønsteby has been granted 650,000 options. Following the grant Steinar Sønsteby holds 800,000 options and 0 shares in Atea ASA.

CFO Atea ASA, Rune Falstad has been granted 100,000 options. Following the grant Rune Falstad holds 200,000 options and 39,500 shares in Atea ASA.

The options are vested over a period of 3 years. 1/3 of the options granted may be exercised one year after the grant, 1/3 after year two and 1/3 after year three.

For further information, please contact:
Steinar Sønsteby, CEO Atea ASA, Mobile +45 3078 1200
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 6,500 employees. Atea is present in 84 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 22 billion in 2013 and is listed on Oslo Stock Exchange.
www.atea.com

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