Veidekke: Shares purchased by employees in 2024 and Exercise of employee share options by Key employees
2 260 Veidekke employees purchased a total of 1 337 650 shares in the company’s annual employee share scheme. Approximately 12 percent 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 creation 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 2 260 participants in the Company's share program for all employees have on February 16th 2024 subscribed for 1 337 650 shares.
The purchase price is equal to the volume-weighted average share price on the Oslo Stock Exchange in the subscription period, with a deduction for a discount. Discount for Swedish employees is 25% which gives a purchase price of 75.34 NOK per share. For the Norwegian and the Danish employee`s the discount is 20%, which gives a purchase price of 80.36 NOK per share.
The shares are subject to a two-year lock-in period.
A total of 1994 participants purchased 1 239 500 shares at NOK 80.36 per share.
A total of 266 participants purchased 98 150 shares at a price of NOK 75.34 per share.
The shares will be transferred March 2024.
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 have on February 16th 2024 exercised a total of 19 600 options at a strike price of NOK 43.05.
A total of 34 participants in the Company's share option program have on February 16th 2024 exercised a total of 23 600 options at a strike price of NOK 47.36. Shares acquired through the program have a sales restriction on one year after exercise date.
Following the exercise, the employees will purchase 43 200 shares. These shares will be transferred in March.
The purchases of primary insiders, as well as new holdings, are attached to this report.
For further information, please contact: Jørgen Wiese Porsmyr, CFO, +47 907 59
058, [email protected]
This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-12.
