CORRECTION: Spectrum ASA: Exercise of share options and mandatory notification of trades
February 21 2017 - 2:52AM
This is
a correction of the announcement from 08:28 21.02.2017 CET. Reason
for the correction:
Based on the authorisation granted by the general
meeting of Spectrum ASA ("SPU" or "Company") on 20 May 2016, the
Board of Directors of SPU has in a board meeting held on 20
February 2017 approved a share issue of up to 1,000,000 shares,
each with a par value of NOK 1.0 per share at the option price of
NOK 8.50 for 615,000 of the new shares, NOK 11.16 for 150,000 of
the new shares, NOK 16.15 for the next 85,000 of the new shares,
NOK 29.46 for the next 100,000 of the new shares and NOK 29.96 for
the remaining 50,000 of the new shares. As a result of the Board
resolution, the Company's share capital will increase with NOK
1,000,000 from NOK 53,449,103 to NOK 54,449,103, divided on
54,449,103 shares each with a par value of NOK 1.00.
Participants in the Company's share option program
have on 20 February 2017 exercised a total number of 1,000,000
options, each giving one new share in the Company. The following
primary insiders in the company exercised their options:
Name |
Title |
# of options |
NOK per Option |
Rune Eng |
President and CEO |
615,000 |
NOK 8.50 |
Jan Schoolmeesters |
COO |
150,000 |
NOK 11.16 |
Svein Staalen |
General Counsel |
85,000 |
NOK 16.15 |
Kim Gunn Maver |
Senior Vice President |
100,000 |
NOK 29.46 |
Ian Setterfield |
Vice President Sales |
50,000 |
NOK 29.96 |
Total |
|
1,000,000 |
|
On 20 February 2017, the primary
insiders listed above transferred their rights to receive shares
resulting from the exercise of the options to a third party. The
sales amount will be finally determined on the basis of the price
subsequently obtained by the third party when selling the shares in
the market. The final compensation for the transferred rights will
be reported to Oslo Børs when executed.
After the exercise of the options (excluding the
new shares resulting from the exercise of the options), the primary
insiders mentioned above will have the following holdings:
Name |
# Shares |
# of options |
Rune Eng |
109,609 |
2,235,000 |
Jan Schoolmeesters |
34,461 |
755,000 |
Svein Staalen |
0 |
270,000 |
Kim Gunn Maver |
8,200 |
140,000 |
Ian Setterfield |
0 |
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
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
Future FinTech (NASDAQ:FTFT)
Historical Stock Chart
From Apr 2024 to May 2024
Future FinTech (NASDAQ:FTFT)
Historical Stock Chart
From May 2023 to May 2024