Hunter Group ASA – Appointment of CFO

Oslo, 17. July 2019

Hunter Group ASA (the «Company») is pleased to announce that Mr. Lars M. Brynildsrud has accepted the position as CFO of the Company as from 12 August 2019.

Mr. Brynildsrud has more than six years of investment banking experience and has been involved in a wide range of shipping and offshore related capital market transactions.  Most recently Mr. Brynildsrud comes from the position of Vice President, Corporate Finance at Swedbank, a position he has held since 2018. Prior to joining Swedbank, Mr. Brynildsrud was a partner in Pareto Securities working both in Oslo and New York.  

Mr. Brynildsrud holds a MSc in finance from the Norwegian School of Economics (NHH), and a BBA from BI Norwegian Business School (BI).

As part of his remuneration package Mr. Brynildsrud has been granted 500,000 LTI Options, with a strike price per share equal to the subscription price in the Private Placement completed on 23 May 2019, i.e. NOK 3.65 per share, and with a 12 month vesting period on terms set out in the Company’s LTI rules, as adopted by the Company’s AGM as per 25. April 2019, with effect from the commencement date of employment. Further, as per the date of this release, Mr. Brynildsrud also owns 15,400 shares in the Company.

For further information, please contact: Erik Frydendal, CEO +47 957 72 947 E-mail: ef@huntergroup.no

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.