SpareBank 1 SR-Bank ASA (SRBANK); Mandatory notification of trade
SpareBank 1 SR-Bank ASA has on April 1 granted a total of 145 904 own shares to employees as a part of the bank's incentive scheme. The distribution of 33 806 shares are granted to primary insiders at a price of NOK 97,90. In total 112 098 shares are granted other employees at a price of NOK 97,90. SpareBank 1 SR-Bank has as a consequence of this reduced its holding of own shares to 89 302 shares. Based on the achievements in 2018 and previous years the primary insiders have been allocated shares, according to the attached list.
It should be noted that the group executive management team and other leading personnel covered by the Financial Institutions Regulations’ provisions concerning the remuneration of executive personnel, the distribution principle for shares will change as of the bonus year for 2018. For previous bonus years, shares have been distributed in 1/3 allocations for the following 3 years. As of the bonus year for 2018, all shares will be issued in the subsequent year, with a tie-in period of 1, 2 and 3 years respectively. For further information about current bonus schemes, please refer to the notes in the annual report for 2018.
Stavanger, April 1 2019
Inge Reinertsen, CFO, Tel. +47 909 95 033
Stian Helgøy, Vice President Investor Relations, Tel. +47 906 52 173
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.