Veidekke ASA: Shares purchased by employees in 2022 and Exercise of employee share options by Key employees
2,150 Veidekke employees purchased a total of 1,162,603 shares in the company’s annual employee share scheme. More than one tenth of the shares in the company are currently owned by Veidekke employees.
“Employees’ co-ownership is a long-standing tradition in Veidekke. The annual offer to buy shares at a discount provides all Veidekke employees with an opportunity to take part in the group's value crea-tion in the form of dividends and increased share value. Veidekke believes that employees’ share ownership creates added value, by fostering commercial awareness and helping to bring the group together around strategic directions and common goals,” says Jimmy Bengtsson, Group CEO of Veidekke.
A total of 6 907 Veidekke employees received the offer to purchase between 50 and 1,500 Veidekke shares each during the 10 to 18 February subscription period. 2,150 employees took advantage of the offer, subscribing a total of 1,162,603 shares.
The purchase price is equal to the volume-weighted average share price on the Oslo Stock Exchange during the subscription period, with the discount subtracted. Swedish employees receive a discount of 25%, resulting in a purchase price of NOK 100.14 per share. Norwegian and Danish employees receive a discount of 20%, resulting in a purchase price of NOK 106.81 per share. The shares are subject to a two-year lock-in period.
The purchases of primary insiders, as well as new holdings, are attached to this report.
Exercise of employee share options in Veidekke ASA
A total of 30 participants in the Company's share option program, approved by the Company's Annual General Meeting, have on February 18th, 2022 exercised a total of 9,900 options at a strike price of NOK 57.80.
A total of 32 participants in the Company's share option program have on February 18th, 2022 exercised a total of 12,945 options at a strike price of NOK 62.11.
The purchases of primary insiders, as well as new holdings, are attached to this report.
Shares acquired through the program have a sales restriction on one year after exercise date.
For more information, contact:
Jørgen Wiese Porsmyr, CFO, tel. +47 90 75 90 58, [email protected]
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
