Spectrum ASA: Exercise of share options and mandatory notification of trades
February 21 2017 - 2:48AM
Reference is made to the stock exchange notice
dated 21 February 2017 regarding the exercise of options and
mandatory notification of trades on behalf of certain primary
insider in Spectrum ASA ("SPU" or the "Company").
On 21 February 2017, the Company announced that
certain primary insiders that exercised their options transferred
their rights to receive shares resulting from the exercise of the
options to a third party in order to sell all or portions of the
shares resulting from the option exercise. The following sale of
shares was made today by the primary insiders:
Name |
# Shares sold |
Price per share |
# shares after exercise and sale |
# of options after exercise |
Rune Eng |
615,000 |
NOK 38 |
109,609 |
2,235,000 |
Jan Schoolmeesters |
150,000 |
NOK 38 |
34,461 |
755,000 |
Svein Staalen |
77,668 |
NOK 38 |
7,332 |
270,000 |
Kim Gunn Maver |
96,629 |
NOK 38 |
11,571 |
140,000 |
Ian Setterfield |
48,414 |
NOK 38 |
1,586 |
80,000 |
For further information, please contact:
Henning Olset; CFO
Email: Henning.Olset@Spectrumgeo.com
Mobile phone: +47 92 26 69 48
About Spectrum
Spectrum provides innovative Multi-Client seismic
surveys and seismic imaging
services to the global oil and gas industry from offices in Norway,
the UK, USA,
Brazil, Egypt, Australia, Indonesia and
Singapore. Spectrum designs, acquires
and processes seismic data to
deliver high quality solutions through
its
dedicated and experienced workforce. Spectrum holds the
world's largest library
of Multi-Client 2D marine seismic data and a
significant amount of 3D seismic.
The company's strategy focuses on
both the major, established hydrocarbon-
producing regions of the world as well as key frontier
areas identified by our
experienced team of geoscientists. The Spectrum
library of Multi-Client data
contains projects from many of the foremost oil producing
regions of the world.
These include new acquisition, reprocessing and interpretation
reports.
This information is subject to the disclosure
requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act.
This information is subject
to the disclosure requirements pursuant to section 5 -12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Spectrum ASA via Globenewswire
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