Kværner ASA: Mandatory notification of trade primary insiders
21 May 2019 - Shares awarded to employees under the variable pay programme 2016. Kværner ASA has awarded 409 261 shares to employees at a price of NOK 13.88 per share under the variable pay programme 2016. The share price was calculated 2 May 2017 as set out in the Statement of executive remuneration approved by the Annual General Meeting 2017. Please see attachment for details of about the number of shares awarded to primary insiders. After the share allocation, Kværner ASA holds 1 092 706 own shares.
ENDS
For further information, please contact:
Media inquiries:
Torbjørn Andersen, Vice President, IR & Communications, Kvaerner, Tel: +47 928 85 542, email: torbjorn.andersen@kvaerner.com
Investor Relations:
Idar Eikrem, EVP & CFO, Kvaerner, +Mob: +47 950 28 363, email: ir@kvaerner.com
About Kvaerner:
Kvaerner is a leading provider of engineering, procurement and construction (EPC) services, and delivers offshore installations and onshore installations 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 3 000 HSSE-focused and experienced employees are recognised for delivering some of the world's most amazing and demanding projects.
In 2018, Kvaerner's Field Development segment had consolidated annual revenues of NOK 7.3 billion and the company reported an order backlog at 31 March 2019 of NOK 10.2 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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