Fausken Invest AS, a wholly-owned subsidiary of the CEO of Akastor ASA, Frank O. Reite, has today purchased 100,000 treasury shares in the company at a price of NOK 18.72 per share. The transaction was made off market (OTC) as part of the share purchase program for the CEO which was announced on November 6, 2014 and pursuant to which Mr. Reite is entitled to purchase up to 100,000 Akastor shares at the average market price during the first 20 trading days, less a discount of 20 percent and with a three years lock up period restriction.
Following today's transaction, Frank O. Reite holds 100,000 shares in Akastor ASA, and Akastor ASA holds 1,855,611 own treasury shares.
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.
ENDS
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