Exercise of employee share options
On March 15th 27.992.250 options in the Company was exercised and 27.992.250 shares will be issued by the company.
Options exercised by primary insiders:
Endre Rangnes has exercised 8 640 000 options in the Company, corresponding to
8 640 000 shares at the strike price of NOK 1,075.
Johnny Tsolis has exercised 5 400 000 options in the Company, corresponding to
5 400 000 shares at the strike price of NOK 1,075.
Oddgeir Hansen has exercised 2 160 000 options in the Company, corresponding to
2 160 000 shares at the strike price of NOK 1,075.
Robin Knowles has exercised 2 160 000 options in the Company, corresponding to
2 160 000 shares at the strike price of NOK 1,075.
Siv Farstad has exercised 810 000 options in the Company, corresponding to
810 000 shares at the strike price of NOK 1,075.
Lars Valseth has exercised 216 000 options in the Company, corresponding to
216 000 shares at the strike price of NOK 1,075.
Bente Brocks has exercised 108 000 options in the Company, corresponding to
108 000 shares at the strike price of NOK 1,075.
Anders Gulbrandsen has exercised 108 000 options in the Company, corresponding to
108 000 shares at the strike price of NOK 1,075.
3. Transfer of rights
On March 15th the primary insiders Robin Knowles and Lars Valseth 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 Børs when known.
4. Purchase of shares
On March 15th, the primary insiders Robin Knowles and Lars Valseth entered into an agreement to use 100 % of the compensation mentioned in item 3 to purchase shares. When known, the final number of shares, along with the compensation, will be reported to Oslo Børs.
5. New holding
After exercising options, primary insider holds;
Endre Rangnes holds unexercised options in the Company, corresponding to 7.360.000 shares at the average strike price of NOK 1,271 and unexercised options corresponding to 5.000.000 shares at the average strike price of NOK 3,350
Johnny Tsolis holds unexercised options in the Company, corresponding to 4.600.000 shares at the average strike price of NOK 1,271 and unexercised options corresponding to 3.000.000 shares at the average strike price of NOK 3,350
Oddgeir Hansen holds unexercised options in the Company, corresponding to 1.840.000 shares at the average strike price of NOK 1,271 and unexercised options corresponding to 3.000.000 shares at the average strike price of NOK 3,350
Robin Knowles holds unexercised options in the Company, corresponding to 1.840.000 shares at the average strike price of NOK 1,271 and unexercised options corresponding to 1.250.000 shares at the average strike price of NOK 3,350
Siv Farstad holds unexercised options in the Company, corresponding to 690.000 shares at the average strike price of NOK 1,271 and unexercised options corresponding to 1.000.000 shares at the average strike price of NOK 3,350
Lars Valseth holds unexercised options in the Company, corresponding to 184.000 shares at the average strike price of NOK 1,271
Bente Brocks holds unexercised options in the Company, corresponding to 92.000 shares at the average strike price of NOK 1,271
Anders Gulbrandsen holds unexercised options in the Company, corresponding to 92.000 shares at the average strike price of NOK 1,271 and unexercised options corresponding to 200.000 shares at the average strike price of NOK 3,350
For additional information, please contact:
Johnny Tsolis, CFO, Axactor
Mobile phone: +47 913 35 461
Email: johnny.tsolis@axactor.com
About Axactor
Axactor Group specializes in both Debt Collection and Debt Purchasing across several countries, with operations in Italy, Germany, Norway, Sweden and Spain. The company has a Nordic base and an ambitious Pan-European growth strategy, which targets the market for non-performing loans (NPL) in Europe. This market is estimated to be about 1,500 billion euros across Europe providing significant opportunities for Axactor's future expansion. Axactor has approximately 900 employees.