7,082 employees of Veidekke have received offers to purchase between 50 and 1,000 Veidekke shares each. The employees could choose between two alternatives: Option A with 30 % discount and cash payment and option B with 20 % discount and partial financing.
2,389 employees made use of the offer and subscribed a total of 1.19 million shares during the subscription period from 4 to 11 November. However, there was an oversubscription of 41 % and a reduction was done. After the reduction, the employees were permitted to purchase between 50 and 600 shares each, and a total of 0.84 million shares were allocated to the employees.
The purchasing prices were set at NOK 84.44 (option A) and NOK 96.50 (option B) after a 30 % and 20 % discount respectively on the market price during the subscription period. The shares are subject to a two-year lock-in period.
For years, Veidekke has worked to promote employee co-ownership in the company. This year interest has been considerable, and 2,389 purchasers represent 34% of those who received the offer. Corresponding figures for 2015 and 2014 were 33% and 32%, respectively.
The purchases of primary insiders, as well as new holdings, are attached to this report.
Contact persons:
Finance Consultant Heidi Hvidsten, tel. +47 91 54 04 65, heidi.hvidsten@veidekke.no
Financial Director Jørgen Michelet, tel. +47 91 74 38 56, jorgen.michelet@veidekke.no
Communication Manager Helge Dieset, tel. +47 90 55 33 22, helge.dieset@veidekke.no
| Title | File type |
| Shares acquired by primary insiders November 2016 |