Badger Explorer ASA – Manager Quality, Risk and Supply Chain has been granted Options in BXPL
Badger Explore ASA’s new Manager Quality, Risk and Supply Chain, Thor Arne Håland, has been granted 25,000 share options at a strike price of NOK 15.00 due to his employment in BXPL.
The options can be exercised within 29 months from the time of issue and can be exercised only in tranches, at the earliest on 15 September 2010 and thereafter at up to 4 occasions during each year, between 3 and 10 days after presentation of the Company's quarterly results.
Subsequent to the exercise of the options, the issuance of shares to the option holder shall take place through an increase of the share capital by the Board of Directors pursuant to the authority granted by the Company's Annual General Meeting, held on 21 April 2010.
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
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