Grant of share options to primary insiders in Atea ASA

On 19 February 2018, the Board of Directors in Atea ASA granted share options in Atea ASA to key employees in the Atea Group.

The following primary insiders were granted options (in alphabetic order, by last name):

Arunas Bartusevicius (Managing Director, Atea Baltics) has been granted 190,000 options. 55,000 options vest on December 15, 2019, 65,000 options vest on December 15, 2020, and 70,000 options vest on December 15, 2021. Following the grant, Arunas Bartusevicius holds 223,333 options and 23,587 shares in Atea ASA.

August Baumann (Senior Vice President, Atea ASA) has been granted 70,000 options. 70,000 options vest on December 15, 2021. Following the grant, August Baumann holds 280,000 options and 2,200 shares in Atea ASA.

Malene Rhode Carstensen (Finance Director, Atea Denmark) has been granted 30,000 options. 10,000 options vest on December 15, 2019, 10,000 options vest on December 15, 2020, and 10,000 options vest on December 15, 2021. Following the grant, Malene Rhode Carstensen holds 44,667 options and 1,000 shares in Atea ASA.

Morten Felding (Managing Director, Atea Denmark) has been granted 210,000 options. 70,000 options vest on December 15, 2019, 70,000 options vest on December 15, 2020, and 70,000 options vest on December 15, 2021. Following the grant, Morten Felding holds 276,667 options and 0 shares in Atea ASA.

Attila Fransen (Finance Director, Atea Sweden) has been granted 45,000 options. 15,000 options vest on December 15, 2019, 15,000 options vest on December 15, 2020, and 15,000 options vest on December 15, 2021. Following the grant, Attila Fransen holds 55,000 options and 2,000 shares in Atea ASA.

Göran Frislund (Head of Accounting, Atea Sweden) has been granted 9,000 options. 3,000 options vest on December 15, 2019, 3,000 options vest on December 15, 2020, and 3,000 options vest on December 15, 2021. Following the grant, Göran Frislund holds 12,000 options and 120 shares in Atea ASA.

Robert Giori (CFO, Atea Group) has been granted 300,000 options. 100,000 options vest on December 15, 2019, 100,000 options vest on December 15, 2020, and 100,000 options vest on December 15, 2021. Following the grant, Robert Giori and close associates hold 476,667 options and 14,327 shares in Atea ASA.

Carl-Johan Hultenheim (Managing Director, Atea Sweden) has been granted 375,000 options. 125,000 options vest on December 15, 2019, 125,000 options vest on December 15, 2020, and 125,000 options vest on December 15, 2021. Following the grant, Carl-Johan Hultenheim holds 475,000 options and 10,000 shares in Atea ASA.

Michael Jacobs (Managing Director, Atea Norway) has been granted 200,000 options. 100,000 options vest on December 15, 2020, and 100,000 options vest on December 15, 2021. Following the grant, Michael Jacobs holds 450,000 options and 0 shares in Atea ASA.

Rasmus Hauge Mathiassen (Head of Accounting, Atea Denmark) has been granted 9,000 options. 3,000 options vest on December 15, 2019, 3,000 options vest on December 15, 2020, and 3,000 options vest on December 15, 2021. Following the grant, Rasmus Hauge Mathiassen holds 12,000 options and 0 shares in Atea ASA.

Aleksandr Novik (Finance Director, Atea Baltics) has been granted 22,500 options. 7,500 options vest on December 15, 2019, 7,500 options vest on December 15, 2020, and 7,500 options vest on December 15, 2021. Following the grant, Aleksandr Novik holds 32,500 options and 60,000 shares in Atea ASA.

Jarno Oksanen (Finance Director, Atea Finland) has been granted 15,000 options. 5,000 options vest on December 15, 2019, 5,000 options vest on December 15, 2020, and 5,000 options vest on December 15, 2021. Following the grant, Jarno Oksanen holds 20,000 options and 0 shares in Atea ASA.

Lill Beate Pedersen (Finance Director, Atea Norway) has been granted 45,000 options. 15,000 options vest on December 15, 2019, 15,000 options vest on December 15, 2020, and 15,000 options vest on December 15, 2021. Following the grant, Lill Beate Pedersen holds 60,000 options and 8,800 shares in Atea ASA.

Juha Sihvonen (Managing Director, Atea Finland) has been granted 190,000 options. 55,000 options vest on December 15, 2019, 65,000 options vest on December 15, 2020, and 70,000 options vest on December 15, 2021. Following the grant, Juha Sihvonen holds 223,333 options and 0 shares in Atea ASA.

Christian Stangeland (Head of Accounting, Atea Norway) has been granted 15,000 options. 5,000 options vest on December 15, 2019, 5,000 options vest on December 15, 2020, and 5,000 options vest on December 15, 2021. Following the grant, Christian Stangeland holds 19,000 options and 0 shares in Atea ASA.

Lorna Stangeland (Vice President of Supply Chain Management, Atea ASA) has been granted 50,000 options. 50,000 options vest on December 15, 2021. Following the grant, Lorna Stangeland holds 200,000 options and 0 shares in Atea ASA.

Steinar Sønsteby (Chief Executive Officer, Atea Group) has been granted 675,000 options. 225,000 options vest on December 15, 2019, 225,000 options vest on December 15, 2020, and 225,000 options vest on December 15, 2021. Following the grant, Steinar Sønsteby and close associates hold 1,505,000 options and 2,000 shares in Atea ASA.

The options have a strike price of NOK 115.00 and expire on December 15, 2022.

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 6,900 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