Veidekke ASA: Mandatory notification of trade - Shares to senior executives 2015
892 senior executives in Veidekke have received offers to purchase between 50 and 2,500 Veidekke shares each. The senior executives could choose between two alternatives: Option A with 20 % discount and partial financing (1,500 - 2,500 shares) and option B with 30 % discount and no financing (50 - 2,500 shares).
465 senior executives subscribed for a total of 785,116 shares during the subscription period from 6 to 13 May. However, in option B, there was an oversubscription. After a reduction, the employees were permitted to purchase between 50 and 1,850 shares each in option B. Option A had no oversubscription. After the reduction a total of 715,340 shares were allocated.
The offer prices were NOK 73.58 (option A) and NOK 64.38 (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.
Contact persons:
Communication Manager, Helge Dieset tel. +47 90 55 33 22, helge.dieset@veidekke.no
Finance Manager Marte Hoggen Bolsø, tel. +47 93 63 25 77, marte.hoggen.bolso@veidekke.no
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.