8 108 employees of Veidekke have received offers to purchase between 50 and 1 500 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.
2 334 employees made use of the offer and subscribed a total of 1.48 million shares during the subscription period from 16 to 23 November. However, there was an oversubscription of 43 % and a reduction was done. After the reduction, the employees were permitted to purchase between 50 and 970 shares each, and a total of 1.04 million shares were allocated to the employees.
The purchasing prices were set at NOK 67.13 (option A) and NOK 76.71 (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 2 334 purchasers represent 29% of those who received the offer.
The purchases of primary insiders, as well as new holdings, are attached to this report.
Contacts:
Executive Vice President, Communications and Public affairs, Lars Erik Lund tel. +47 41 33 13 69, lars.lund@veidekke.no
Finance Director Jørgen Michelet, tel. +47 91 74 38 56, jorgen.michelet@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.
| Title | File type |
| Shares acquired by Primary Insiders November 2018 |