Aker ASA: Mandatory notification of trade
Aker ASA ("Aker") has carried out its employee share purchase programme for the year.
Participants in the share purchase programme were offered a discount of 20 per cent on the closing share price on 5 June 2018. Hence, each participant paid NOK 466.40 per share. All shares will be locked up for a period of three years from delivery of the shares, during which employees will not be able to sell the shares.
The following primary insiders have purchased shares:
* Frank O. Reite, Chief Financial Officer, has through the company Fausken Invest AS acquired 4 444 shares in Aker. Mr. Reite's total shareholding in Aker after the acquisition will be 71 240 shares, all of which are held through Fausken Invest AS.
* Arild Støren Frick, General Counsel, has through the company Elichapet AS acquired 400 shares in Aker. Mr. Frick's total shareholding after the acquisition will be 8 000 shares, all of which are held through Elichapet AS.
* Ove Andre Taklo, Corporate Controller, has acquired 935 shares in Aker. Mr. Taklo's total shareholding after the acquisition will be 5 015 shares.
* Laila Hop, Paralegal, has acquired 50 shares in Aker. Ms. Hop's total shareholding after the acquisition will be 298 shares.
Aker sold a total of 12 352 own shares in connection with the programme. Following the transaction, Aker will hold 53 381 own shares.
For further information, please contact:
Per Kristian Reppe, Investment Manager & Head of Investor Relations
Phone: +47 24 13 00 67
Atle Kigen, Head of Corporate 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.