In the period of 12-19 February, Veidekke completed it’s share offering to the employees. 2 522 employees subscribed 1 519 673 shares, resulting in an oversubscription of 10.22 %. For years, Veidekke has worked to promote employee co-ownership in the company, and this year’s interest has been considerable.
7 644 employees of Veidekke received offers to purchase between 50 and 1 500 Veidekke shares each. 2 522 employees made use of the offer and subscribed a total of 1 519 673 shares. As there was an oversubscription of 10.22 % a reduction was done. After the reduction, the employees were permitted to purchase between 50 and 1 347 shares each, and a total of 1 363 571 shares were allocated to the employees.
The purchase price was set to NOK 87.96 per share, corresponding to the volume-weighted average share price on the Oslo Stock Exchange in the subscription period with a deduction for a discount of 20%. 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.
Contacts:
Chief Financial Officer Jørgen Wiese Porsmyr, tel. +47 90 75 90 58, jorgen-wiese.porsmyr@veidekke.no
Finance Consultant Camilla Nordvold, tel. +47 48 13 94 80, camilla.nordvold@veidekke.no
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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