Bouvet

Share Issue/Capital Change • Nov 19, 2021

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 1541 employees have subscribed a total of 302 578 shares in the ordinary share purchase program. The shares are subscribed at a price of NOK 60.30 per share, which corresponds to a 20 per cent discount compared to the average market price during the subscription period.

A total of 151 employees have subscribed a total of 44 149 shares in the share purchase program for employees in management positions. The shares are subscribed without discount at a price of NOK 75.25 per share.

Bouvet ASA have granted 590 280 bonus shares to the participants in the share incentive program for 2018. The bonus shares are free of charge.

The Board has decided to issue 937 007 shares towards Company employees, in accordance with the Power of Attorney given by the General Assembly 20 May 2021.

The Company’s share capital will increase by NOK 93 700.70 after the issue of 937 007 shares with a nominal value of NOK 0.10 per share. When the share issue is completed, the number of shares in Bouvet ASA will be 103 800 637. New share capital in Bouvet ASA will be NOK 10 380 063.70. The sale and issue of shares is expected to be completed by December 10th, 2021.