GRANT OF OPTIONS TO EMPLOYEES AND PRIMARY INSIDERS
Following the resolution at the ordinary shareholders meeting in May 2007 Dolphin today announced the grant of 326 000 options, each with a right to purchase one share in Dolphin at NOK 17.50 per share.
The options expire on May 31, 2011 and may be exercised in a period of 2 years prior to expiry.
According to IFRS, Dolphin will book a non-payable cost of NOK 330 000 that will be amortized over the vesting period.
The following primary insiders were granted options (and hold the following no of shares):
Kåre Løchsen, 34 000 options (Holds 46 738 shares)
Alex Gundersen, 34 000 options (Holds 0 shares)
Hugo Kohmann, 15 000 options (Holds 23 992 shares)
Einar Rustad, 15 000 options (Holds 16 711 shares)
For further information contact Alex Gundersen, CFO, 41 47 41 07