Hexagon Composites ASA: Mandatory notification of trade - options
Reference is made to the announcement of 1 April 2016, in which Hexagon Composites ASA (the "Company") announced the grant of 925,000 share options to employees under its employee share option program, each at a strike price of NOK 20 per share.
Pursuant to the grant, the entitled employees in said share option program have exercised a total number of 200 000 of said options, each at the defined strike price. The Company has resolved to settle the economic value of the exercised options through transfer of shares held in treasury and has therefore on 12 March 2019 transferred in total 72 408 treasury shares to the employees as settlement of the exercised options. After the transaction, the Company holds 2 230 783 treasury shares, representing 1.34% of total shares outstanding.
Shares have been delivered to primary insiders as follows:
| Primary insider: | Options exercised | Shares received: | Holding after options exercised: |
| David Bandele | 100 000 | 36 204 | 68 949 shares 230 000 options |
| Skjalg S. Stavheim | 100 000 | 36 204 | 65 419 shares 230 000 options |
For more information:
David Bandele, CFO, Hexagon Composites ASA
Telephone: +47 920 91 483 | david.bandele@hexagongroup.group
Hiva Ghiri, VP Investor Relations, Hexagon Composites ASA
Telephone: +47 958 66 790 | hiva.ghiri@hexagongroup.com
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.