Veidekke ASA : Mandatory notification of trade - Shares to senior executives 2013
773 senior executives in Veidekke have received offers to purchase between 50 and 5,000 Veidekke shares each. The senior executives could choose between three alternatives: Option A with 20 % discount and partial financing (1,500 - 5,000 shares), option B with 30 % discount and no financing (1,500 - 5,000 shares) and option C with 20 % discount and no financing (50 - 1,500 shares).
413 senior executives subscribed for a total of 1,262,955 shares during the subscription period from 7 to 14 May. However, in option A, there was an oversubscription. After a reduction, the employees were permitted to purchase between 1,500 and 4,200 shares each in option A. Option B and option C had no oversubscription. After the reduction a total of 1,191,155 shares were allocated.
The offer prices were NOK 35.20 (option A and C) and 30.80 (option B) after the 20 % / 30 % discount on the market price during the subscription period. The lock-in period for the shares is 3 years.
The purchases of primary insiders, as well as new holdings, are attached to this report.
Communications Director Kai Krüger Henriksen, tel. +47 90 51 93 60, firstname.lastname@example.org
Assistant Financial Director Christopher M. Bjerke, tel. +47 99 58 18 02, email@example.com
Finance Manager Marte Hoggen Bolsø, tel. +47 93 63 25 77, firstname.lastname@example.org
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.