Kværner ASA: Acquisition of own shares
23 May 2016 - Kværner ASA has on Friday 20 May in connection with the company's incentive programme for employees purchased 226 000 own shares in the open market at an average price of NOK 7.44 per share. Following the transaction, Kværner ASA holds a total of 3 211 341 own shares.
For further information, please contact:
Ingrid Aarsnes, VP Investor Relations & Communications, Kvaerner, Tel: +47 67 59 50 46,
Mob: +47 950 38 364, email: email@example.com
Torbjørn Andersen, Head of Communications, Kvaerner, Mob: +47 928 85 542,
Kvaerner is a leading provider of engineering, procurement and construction (EPC) services, and delivers offshore installations and onshore plants for upstream oil and gas production around the world. Kværner ASA, through its subsidiaries and affiliates ("Kvaerner"), is an international contractor and preferred partner for oil and gas operators and other engineering and fabrication contractors. Kvaerner and its approximately 2 800 HSSE-focused and experienced employees are recognized for delivering some of the world's most amazing and demanding projects.
In 2015, the Kvaerner group had consolidated annual revenues of NOK 12 billion and the company reported an order backlog at 31 March 2016 of NOK 12.1 billion. Kvaerner is publicly listed with the ticker "KVAER" at the Oslo Stock Exchange. For further information, please visit www.kvaerner.com.
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