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ABG Sundal Collier — Share Issue/Capital Change 2010
Mar 10, 2010
3518_dva_2010-03-10_96a5404c-4de2-45af-a3cf-ec237462a9aa.pdf
Share Issue/Capital Change
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ABG SUNDAL COLLIER
10th March 2010
2010 Partner Share Purchases
On February 16th 2010 ABG Sundal Collier announced that an annual partner share incentive programme for new and existing partners of the firm would be carried out in March 2010. Under the programme, new and certain existing partners are given the opportunity to acquire restricted partner shares at a 15% discount (reflecting the restrictions imposed on partner shares). The programme for 2010 has been allocated at 19,524,786 shares at a price as announced on March 1st 2010 of NOK 6.33 per share, alternatively forward contracts for settlement on 1st June 2013 at a forward price of NOK 7.11 per share. New shares on the cash alternative will be adjusted for the 2009 payment to shareholders proposed at NOK 0.75 per share so that the shares will be issued after the AGM to be held on April 29th 2010. 7,373,286 of the allocated shares will be on the cash alternative, while 12,151,500 shares will be on forward contracts.
The ABGSC partner share programme secures a parallel set of interests between partners and outside shareholders, providing a further incentive toward the long-term success of the firm and creation of shareholder value. The programme has been open to all partners.
Certain Partners who hold executive positions in the firm ("insiders") have subscribed for a total of 3,363,995 shares and have been allocated a total of 3,363,995 shares under the incentive programme. The participation of these individuals is noted in the table below:
| Name | Shares allocated | Total holdings of shares incl. forward contracts |
|---|---|---|
| Jan Petter Collier 2) | 1.500.000 | 35.000.000 |
| Arild A. Engh 2) | 400.000 | 5.620.744 |
| Geir Ringstad 2) | 703.995 | 3.750.000 |
| Georg Gunnerød 2) | 245.000 | 1.700.000 |
| Per-Ove Breivold 2) | 50.000 | 1.500.000 |
| Tore Grøttum 1) | 100.000 | 1.050.000 |
| Doug Miller 1) | 50.000 | 900.000 |
| Gard Haugen | 70.000 | 570.000 |
| Malene Bröndberg | 130.000 | 500.000 |
| Geir Olsen 1) and 2) | 100.000 | 450.000 |
| Mikael Hansson 1) | 15.000 | 65.000 |
ABG Sundal Collier ASA • Munkedamsveien 45 E, Pb. 1444 Vika • NO-0115 Oslo, Norway
Tel. +47 22 01 60 00 • Fax. +47 22 01 60 60
www.abgsc.com
Oslo Stockholm Copenhagen London New York Bergen
ABG SUNDAL COLLIER
1) All or some of new shares allocated are on forward contract
2) Incl. shares and forward contracts owned by close associate
Following the transaction above ABG Sundal Collier has 375,342,759 shares outstanding. The company owns 19,750 Treasury Shares. The company have forward agreements with partners purchasing 67,918,750 shares with settlement in 2010-2013, plus agreements with partners to issue 7,373,286 new shares after the AGM to be held at April 29th 2010.
For additional information, contact
Jan Petter Collier – CEO +47 22 01 60 00
Tore Grøttum – COO +47 22 01 60 00