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Aker Solutions — Remuneration Information 2016
Sep 26, 2016
3531_dirs_2016-09-26_c3378c69-46c5-49b1-b439-269e79d4453f.html
Remuneration Information
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Aker Solutions to Execute Share Purchase Program for Employees
Aker Solutions to Execute Share Purchase Program for Employees
September 26, 2016 - Aker Solutions will for the eighth consecutive year offer
employees in selected jurisdictions the opportunity to buy shares of the
company.
The 2016 employee share purchase program allows participants to acquire 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 will also offer selected managers the opportunity to buy
additional shares worth as much as 25 percent of their annual base salary. 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 managers are
responsible for the financing and upfront cash settlement of these purchases.
The subscription period for both programs is October 28 - November 11, 2016.
Invitations to participate will be distributed to eligible employees and
managers around mid-October 2016.
The price per share will be based on the average volume-weighted share price on
the Oslo Stock Exchange in the period December 8-14, 2016. Shares will be
allocated to participants on December 15, 2016.
The company will purchase own shares in the open market to sell to participants
in the 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: [email protected]
Investors:
Per Christian Olsen, Analyst, Investor Relations, Aker Solutions. Tel:
+47 67 51 36 58, Mob: +47 900 29 077, E-mail:
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 13,000
people in about 20 countries. Go to http://akersolutions.com for more
information on our business, people and values.
This press release may include forward-looking information or statements and is
subject to our disclaimer, see http://akersolutions.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.