Reference is made to the announcement published 13 November 2019 by Veidekke regarding commencement of the subscription period for shares in the employee share purchase program.
Veidekke hereby announce that the share issue directed towards employees is successfully completed.
The subscription period expired on 22 November 2019
The subscription price is set to NOK 91,96 per share, corresponding to the volume-weighted average share price on the Oslo Stock Exchange in the subscription period with at deduction for a discount of 20%. The shares are blocked for a period of two years.
A total of 1,257,425 new shares was allocated in the share issue. A total of 2,170 employees were allotted shares.
The new shares are expected to be issued on or about 20 December 2019. Provided timely payment, delivery of the shares are expected to be made between 21-31 December 2019. Notifications of allocated shares, and the corresponding amount to be paid, are expected to be communicated on or about 28 November 2019. Employees having access to investor services through their VPS account manager will be able to check the number of shares allocated to them when shares are issued and registered in VPS(the Norwegian CSD)
After the registration of the new shares, the total number of shares in Veidekke ASA will increase by 1,257,425 shares to 134,962,367 shares.
Subscription by and allocation to primary insiders
The following primary insiders have subscribed and been allocated shares in the share issue directed towards employees:
- Catharina Bjerke subscribed for 1,500 shares and was allocated 1,500 shares at NOK 91,96 per share. Catharina Bjerke now holds 7,085 shares and 1,000 options in Veidekke.
- Terje Larsen subscribed for 900 shares and was allocated 900 shares at NOK 91,96 per share. Terje Larsen now holds 111,475 shares and 1,000 options in Veidekke.
- Øivind Larsen subscribed for 1,000 shares and was allocated 1,000 shares at NOK 91,96 per share. Øivind Larsen now holds 8,100 shares and 1,000 options in Veidekke.
- Mats Nyström subscribed for 1,500 shares and was allocated 1,500 shares at NOK 91,96 per share. Mats Nyström now holds 20,000 shares and 1,000 options in Veidekke.
- Hans Olav Sørlie subscribed for 1,000 shares and was allocated 1,000 shares at NOK 91,96 per share. Hans Olav Sørlie now holds 71,090 shares and 1,000 options in Veidekke.
- Anne Thorbjørnsen subscribed for 500 shares and was allocated 500 shares at NOK 91,96 per share. Anne Thorbjørnsen now holds 29,355 shares and 1,000 options in Veidekke.
- Inge Ramsdal subscribed for 300 shares and was allocated 300 shares at NOK 91,96 per share. Inge Ramsdal now holds 8,295 shares and 0 options in Veidekke.
- Arve Fludal subscribed for 900 shares and was allocated 900 shares at NOK 91,96 per share. Arve Fludal now holds 8,940 shares and 1,000 options in Veidekke.
- Odd Andre Olsen subscribed for 700 shares and was allocated 700 shares at NOK 91,96 per share. Odd Andre Olsen now holds 4,805 shares and 0 options in Veidekke.
For more information, please contact:
Finance Director Jørgen G. Michelet, tel. +47 917 43 856, jorgen.michelet@veidekke.no
This information is subject to a disclosure duty pursuant to section 5-12 of the Securities Trading Act.
About Veidekke:
Veidekke is one of Scandinavia's largest construction and property development companies. The company undertakes all types of building construction and civil engineering contracts, develops residential projects, maintains roads, and produces asphalt and aggregates. The company is known for its involvement and local knowledge. Its annual turnover is approximately NOK 36 billion, and half of its 8,600 employees own shares in the company. Veidekke is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936.
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| Shares acquired by Primary insiders November 2019 |