Kværner ASA: Mandatory notification of trade
21 August 2012 - Kværner ASA has today sold 2 299 own shares in relation with the company's share purchase programmes for employees. The transaction is a correction related to the number of shares sold to the employees on 16 July 2012 at a price per share of NOK 13.05. Following the transaction, Kværner ASA holds a total of 195 722 own shares.
ENDS
For further information, please contact:
Investor Relations: Ingrid Aarsnes, SVP Investor Relations, Kvaerner, Tel: +47 67 59 50 46, Mob: +47 950 38 364
About Kvaerner:
With more than 3 200 HSE-focused and experienced employees, Kvaerner is a specialised provider of engineering, procurement and construction (EPC) services for offshore platforms and onshore plants. Kværner ASA, through its subsidiaries and affiliates ("Kvaerner"), is an international contractor that plans and realises some of the world's most demanding projects as a preferred partner for upstream and downstream oil and gas operators, industrial companies and other engineering and fabrication contractors.
In 2011, the Kvaerner group had aggregated annual revenues of more than NOK 13 billion and the company had an order backlog of more than NOK 23 billion on 30 June 2012. Kvaerner was publicly listed with the ticker "KVAER" at the Oslo Stock Exchange on 8 July 2011. For further information, please visit www.kvaerner.com.