A group of 339 senior executives in Veidekke purchased 1,135,800 shares from Stiftelsen Veidekkeansattes Aksjekjøp (The Veidekke employee share trust) during the subscription period from 5 to 12 May. The senior executives could choose between two alternatives: Option A with 20% discount and partial financing and option B with 30% discount and no financing. Each person could buy a maximum of 4,500 shares. The offer price was NOK 41.4 and 36.2 after the 20% / 30% discount on the market price during the subscription period. The lock-in period for the shares is 3 years.
Subscriptions made by the Corporate Mangement and a few other executives were cancelled due to the ongoing negotiations about the acquisition of the company Hæhre. Please refer to our notice to the stock exchange earlier this morning. On May 16, the persons involved will get a new offer, in which the terms are almost identical. Purchases made in the new offer will be published on 18 May, before the Oslo Stock Exchange opens.
Please direct questions to:
Kai Krüger Henriksen, Executive Vice President, Communication/Information on telephone no. +47 21 05 77 04 / +47 905 19 360
Jørgen G. Michelet, Finance Director on telephone no. +47 21 05 77 22 / +47 917 43 856
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.