Hexagon Composites ASA issues 1,450,000 call options at strike NOK 27
In accordance with resolutions no 6 and no 13.2 of the Ordinary Shareholders' Meeting held in Aalesund on April 20 April 2016, the Board of Directors of Hexagon Composites ASA has issued 1,450,000 share options under the Company's management incentive program. Of the 1,450,000 options, 1,250,000 options have been granted to senior executives and managers listed as primary insiders.
Of the options granted to primary insiders:
| Primary insider: | Options granted: | New holding after the grant: |
| Jon Erik Engeset | 250,000 | 550,000 options and 420,867 shares |
| David Bandele | 150,000 | 350,000 options and 32,745 shares |
| Skjalg S. Stavheim | 150,000 | 300,000 options and 24,715 shares |
| Jack Schimenti | 150,000 | 350,000 options and 60,341 shares |
| Michael Kleschinski | 150,000 | 150,000 options and 0 shares |
| Frank Häberli | 100,000 | 200,000 options and 18,713 shares |
| George Siedlecki | 100,000 | 200,000 options and 3,300 shares |
| Rick Rashilla | 100,000 | 175,000 options and 8,000 shares |
| Ragnar Holthe | 50,000 | 150,000 options and 2,870 shares |
| Geir Torset | 25,000 | 75,000 options and 31,146 shares |
| Morten Svela Sand | 25,000 | 25,000 options and 0 shares |
The share options give rights to buy shares in Hexagon Composites ASA at NOK 27 per share.
The options may be exercised in part or in full within three weeks following the official announcement of the financial results for the fourth quarter of 2019, first quarter of 2020 or second quarter of 2020.
For more information:
Jon Erik Engeset, CEO, Hexagon Composites ASA
Telephone: +47 916 30 550 | jon.erik.engeset@hexagon.no
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.