Entra ASA : Share savings scheme for employees - Purchase of own shares and allocation to primary insiders
All employees in Entra ASA have received an offer to purchase shares for up to NOK 150,000 at a 20 % discount in accordance with the authorisation given on the general meeting on 26 April 2019.
The offer price is NOK 102 per share and is calculated as the dividend adjusted volume weighted average share price in the period from 26 March to 25 April 2019 minus a 20 % discount. The lock-up period for the shares is two years.
101 employees have ordered and been allocated a total of 92,123 shares in the shares saving scheme. Below is an overview of orders/allocation of shares to primary insiders as well as their holdings post allocation.
|Primary insider||Role||Share||Shares post|
|Anders Olstad||CFO||1 471||44 267|
|Sonja Horn||EVP Property Management||1 471||25 220|
|Hallgeir Østrem||CLO||1 471||15 290|
|Tone Kristin Omsted||Head of IR||1 471||12 855|
|Erling Nedkvitne||Board member, employee representative||1 471||10 855|
|Torstein Håland||Head of Controlling||1 471||9 215|
|Åse Lunde||EVP Digital and Business Development||1 471||4 373|
|Per Ola Ulseth||EVP Property Development||1 471||2 074|
Entra ASA will purchase the shares for allocation under the share savings scheme in accordance with the authorisation given on the general meeting on 26 April 2019. The share purchase will start on 16 May 2019 and will continue until 30 June 2019 at the latest. The shares will be purchased in the market with price and the number of shares acquired by the company reported in accordance with the applicable regulations.
For further queries please contact: Tone Omsted, Head of Investor Relations, tel: +47 982 28 510, email: email@example.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.