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Aker ASA: Mandatory notification of trade

19.03 2018 12:45

As fulfillment of existing rights under the bonus program for employees in Aker ASA ("Aker"), the following primary insiders have received bonus shares. The shares have a lock-in period of three years. Upon allocation, the value of the shares was set to NOK 357.80. This corresponds to the three-day average, volume-weighted price of Aker's share starting Monday 12 March 2018, to which a 20 per cent discount was applied.

The bonus shares were distributed as follows:

Employee

Role

No. of bonus shares

 

No. of shares following allocation

Frank O. Reite

Chief Financial Officer

2 015

66 796*

Arild Støren Frick

General Counsel

1 186

7 600**

Audun Stensvold

Investment Director

1 008

9 639

Atle Kigen

Head of Communications

434

9 051

Ove Andre Taklo

Corporate Controller

423

4 080

Per Kristian Reppe

Investment Manager & Head of Investor Relations

361

1 335

Laila Hop

Paralegal

21

248

 

* Owned through Fausken Invest AS.
** Owned through Elichapet AS.

The allocated bonus shares are drawn from the Company's holdings of own shares. Following the allocation, the Company will hold a total of 15 733 own shares.

END

For further information, please contact:

Investors:
Per Kristian Reppe, Investment Manager & Head of Investor Relations
Phone: +47 24 13 00 67
Mobile: +47 900 33 203 

Media:
Atle Kigen, Head of Communications
Phone: +47 24 13 00 08
Mobile: +47 907 84 878

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.