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POS - Aker Solutions ASA to Execute Employee Share Purchase Program

Company: Aker Solutions Date: 2014-11-14 Language: English Register to download

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 Aker Solutions ASA to Execute Employee Share Purchase Program

# Aker Solutions ASA to Execute Employee Share Purchase Program

  

  

  

November 14, 2014 - Aker Solutions is offering employees in selected  

jurisdictions the opportunity to purchase shares in the company.  

  

The 2014 employee share purchase program allows participants to buy shares for  

between NOK 10,000 and NOK 60,000. Participants are offered a general discount  

of NOK 1,500 on their total share purchase. In addition, a price reduction of  

25 percent of the share price will apply in exchange for the purchased shares  

being subject to a three-year lock-up period. The purchase will be financed by a  

loan from Aker Solutions to be settled by salary deductions over a twelve-month  

period.  

  

Aker Solutions is also offering selected managers the opportunity to purchase  

additional shares, worth as much as 25 percent of their annual base salary, in a  

separate program. A price reduction of 25 percent of the share price applies in  

exchange for the purchased shares being subject to a three-year lock-up period.  

The managers are responsible for the financing and upfront cash settlement of  

these share purchases.  

  

The subscription period for both programs is November 14-28, 2014.  

  

The price per share will be based on the average volume-weighted share price on  

the Oslo Stock Exchange over the period December 15-19, 2014. Allocation of  

shares to the participants is expected on or about December 22, 2014.  

  

Aker Solutions will purchase own shares in the open market for onwards sale to  

participants under the share programs.  

  

ENDS  

  

For further information, please contact:  

  

Media:  

Bunny Nooryani, Chief Communications Officer, Aker Solutions. Tel:  

+47 67 59 42 71, Mob: +47 480 27 575, E-mail: bunny.nooryani@akersolutions.com  

  

Anne Cecilie Lund-Andersen, Media Relations Manager, Aker Solutions. Tel:  

+47 22 94 74 52, Mob: +47 99 62 12 13, E-mail: anne.cecilie.lund-  

andersen@akersolutions.com  

  

Investors:  

David Phillips, Head of Industry & Investor Relations, Aker Solutions. Tel:  

+44 208 811 7111, Mob: +44 7788 338 887, E-mail:  

david.phillips@akersolutions.com  

  

Lasse Torkildsen, SVP Investor Relations, Aker Solutions. Tel: +47 67 51 30 39,  

Mob: +47 911 37 194, E-mail: lasse.torkildsen@akersolutions.com  

  

Aker Solutions is a global provider of products, systems and services to the oil  

and gas industry. Its engineering, design and technology bring discoveries into  

production and maximize recovery. The company employs approximately 17,000  

people in about 20 countries. Go to www.akersolutions.com for more information  

on our on our business, people and values.  

  

This press release may include forward-looking information or statements and is  

subject to our disclaimer, see www.akersolutions.com.  

  

This information is subject of the disclosure requirements pursuant to section  

5-12 of the Norwegian Securities Trading Act.  

  

  

  

\[HUG#1871454\]