December 15, 2015 - Aker Solutions employees bought shares for NOK 60 million as part of annual programs for staff and managers.
The company for the seventh consecutive year held share purchase programs to encourage employee ownership. About 1,500 employees, or 12 percent of eligible staff, participated.
"The program lets employees take part in the long-term development of our business and strengthens ties between the company and employees," said Aker Solutions' Chief HR Officer Sissel Lindland.
Eligible staff could buy Aker Solutions shares for as much as NOK 60,000 each. The shares were offered at a 25 percent reduction on the market price and a fixed one-off discount. A group of senior managers were also offered the chance to buy additional shares for as much as 25 percent of each individual's salary. These were also at a 25 percent price reduction.
The subscription period for employee and manager programs ran from Nov. 5 - 20 and allocation of the shares was carried out on Dec. 14. The shares were priced at NOK 34.8845 each before the price reduction and discount, which was the average volume weighted share price of Aker Solutions on the Oslo Stock Exchange from Dec. 7 - 11.
Aker Solutions ASA sold a total of 1,737,646 own shares in connection with the programs, leaving the company with 377,311 own shares.
Acquired shares are subject to a three-year lock-up during which employees will not be able to sell the shares. Enclosed is an overview of shares acquired by primary insiders in this year's programs.
ENDS
For further information, please contact:
Media:
Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel: +47 67 59 42 71, Mob: +47 480 27 575, E-mail: bunny.nooryani@akersolutions.com
Anne Cecilie Lund-Andersen, Media Relations Manager, Aker Solutions. Tel: +47 22 94 74 52, Mob: +47 99 62 12 13, E-mail: anne.cecilie.lund-andersen@akersolutions.com
Investors:
David Phillips, Head of Industry & Investor Relations, Aker Solutions. Tel: +44 208 811 7111, Mob: +44 7788 338 887, E-mail: david.phillips@akersolutions.com
Lasse Torkildsen, Senior Advisor, Aker Solutions. Tel: +47 67 51 30 39, Mob: +47 911 37 194, E-mail: lasse.torkildsen@akersolutions.com
Aker Solutions is a global provider of products, systems and services to the oil and gas industry. Its engineering, design and technology bring discoveries into production and maximize recovery. The company employs approximately 16,000 people in about 20 countries. Go to www.akersolutions.com for more information on our business, people and values.
This press release may include forward-looking information or statements and is subject to our disclaimer, see www.akersolutions.com.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Share acquisition by primary insiders
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source:
Aker Solutions ASA via Globenewswire
HUG#1973459
