Lea bank ASA (LEA) – Grant of share options to primary insiders
Reference is made to the stock exchange announcement on 17th April 2024 regarding the Annual General Meeting where it was resolved to grant the Board of Directors an authorisation to issue shares in connection with the company’s incentive program. On 6th May 2024, primary insiders in Lea bank ASA were granted a total of 2,305,000 share options in Lea bank ASA (LEA). The share options were granted as follows:
Oddbjørn Berentsen, Chief Executive Officer (CEO), has been granted 915,000 share options. Following the grant, Berentsen holds 915,000 options.
Gard Haugen, Chief Financial Officer (CFO), has been granted 415,000 share options. Following the grant, Haugen holds 415,000 options.
Christian Svendsen, Chief Credit Risk Officer and Chief of Revenue Management (CCRO), has been granted 415,000 share options. Following the grant, Svendsen holds 415,000 options.
Geir Jørgensen, Chief Risk and Compliance Officer (CRO and CCO), has been granted 315,000 share options. Following the grant, Jørgensen holds 315,000 options.
Øystein Fjalestad, Chief Technology Officer (CTO), has been granted 245,000 share options. Following the grant, Fjalestad holds 245,000 options.
The granted share options vests one-third each anniversary from the grant date and vested options may be exercised until expiry four years following the grant. Each share option corresponds to one share and the strike price is NOK 8.00 per share with an annual step up of 5% and adjustment for paid dividends.
Please see attached notifications for persons discharging managerial responsibilities in accordance with Regulation EU 596/2014 (MAR) article 19 and section 5-12 of the Norwegian Securities Trading Act.
Contact information:
Oddbjørn Berentsen, CEO
Phone: +47 22 99 14 00
Email: [email protected]
