Badger Explorer ASA – Determination of Settlement Regarding Employee Share Option Program
Reference is made to the press release sent on 9 May 2011.
The settlement regarding all exercised shares has been determined based on a selling price of NOK 23.5875 per share.
Primary insider CTO Erling A. Woods purchased 3,000 shares at a price of NOK 23.5875 per share. This leaves Mr. Woods holding 16,667 unexercised share options in the Company at a strike price of NOK 10.00. As of today Mr. Woods holds 4,000 shares in the Company.
Stavanger, 26 May 2011
For further information, please contact:
Kjell Erik Drevdal, CEO, cell phone +47 916 43 552, office +47 52 97 45 15
Gunnar Dolven, CFO, cell phone +47 908 53 168, office +47 52 97 45 40
Tags: