22 December 2014 - Akastor ASA has today sold 1 584 235 own shares in relation with the company's share purchase programmes for employees and managers. Following the transaction, Akastor ASA holds a total of 2 976 376 own shares. The price was based on the average volume weighted share price on the Oslo Børs (the stock exchange in Oslo) over the 5 days period from 15 December to 19 December 2014 giving a price per share of NOK 19.67. The shares purchased through the Employee- and Manager Share Purchase Programs are subject to a three year lock-up period from the date of delivery. Akastor offers a 25 percent price reduction of the trading value of the shares purchased under both programs.
Details of the share purchase program for employees are set out in the stock exchange release issued by the company 14 November 2014.
The following primary insiders have acquired shares under the share purchase programmes for 2014:
Leif Borge has bought 103 050 shares. Following the transaction; Borge either personally or through Bohasi Invest AS holds 142 775 shares in Akastor
Benjamin K Golding has bought 6 608 shares. Following the transaction; Golding holds 6 608 shares in Akastor
Idun Heier has bought 3 050 shares. Following the transaction, Heier holds 3 828 shares in Akastor
Eivind Høiback has bought 17 473 shares. Following the transaction; Høiback holds 17 473 shares in Akastor
Karl Erik Kjelstad has through his company Byesvollen AS bought 100 000 shares. Following the transaction; Kjelstad holds 123 074 shares in Akastor
Tore Langballe has bought 10 166 shares. Following the transaction; Langballe holds 10 166 shares in Akastor. The shares will be transferred to his company TDL Invest AS.
Øyvind Paaske has bought 5 083 shares. Following the transaction; Paaske holds 5 083 shares in Akastor
Asbjørn M Pettersen has bought 3 050 shares. Following the transaction; Pettersen holds 3 050 shares in Akastor
Frank Reite has through his company Fausken Invest AS bought 100 000 shares. Following the transaction; Reite holds 200 000 shares in Akastor
Nils Olav Svarstad has bought 1 017 shares. Following the transaction; Svarstad holds 1 135 shares in Akastor
All figures includes close associate's holding
For further information, please contact:
Tore D. Langballe
Head of Communications and Investor Relations
Mob: +47 907 77 841
Akastor ASA is an oilfield services investment company with a flexible mandate for long-term value creation. The company exercises active ownership combining a range of strategic, operational and financial measures to develop and unlock the full value potential of its portfolio of companies. Akastor ASA employs approximately 7,400 people.
This information is subject of the disclosure requirements pursuant to Sections 4-2 and 5-12 of the Norwegian Securities Trading Act.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Akastor ASA via Globenewswire