Bouvet

Share Issue/Capital Change • Nov 19, 2020

Share issue and share purchase program for employees

Share issue and share purchase program for employees

The Board of Directors of Bouvet ASA has decided to go through with the Company’s share purchase program for employees.

A total of 1416 employees have subscribed a total of 31940 shares in the ordinary share purchase program. The shares are subscribed at a price of NOK 522.17 per share, which corresponds to a 20 per cent discount compared to the average market price during the subscription period.

A total of 133 employees have subscribed a total of 4423 shares in the share purchase program for employees in management positions. The shares are subscribed without discount at a price of NOK 661.32 per share.

The total subscription is 36363 shares.

The Board has decided to issue 36363 shares towards Company employees, in accordance with the Power of Attorney given by the General Assembly 20 May 2020.

The Company’s share capital will increase by NOK 36363 after the issue of 36363 shares with a nominal value of NOK 1 per share. When the share issue is completed, the number of shares in Bouvet ASA will be 10,286,363. New share capital in Bouvet ASA will be NOK 10,286,363. The sale and issue of shares is expected to be completed by December 15th, 2020.