AI assistant
Dolphin Drilling AS — Director's Dealing 2011
Jan 27, 2011
3582_dirs_2011-01-27_d6cfaa49-5fab-4ded-bb2e-2d141f273c76.html
Director's Dealing
Open in viewerOpens in your device viewer
GRANT OF OPTION RIGHTS / NOTIFIABLE TRADE
Reference is made to the stock exchange notice of 20
December 2010 (minutes from extraordinary general
meeting). As stated therein, on 20 December 2010 an
extraordinary general meeting of Dolphin Group ASA
("Dolphin") authorized the board of directors to
introduce an option scheme for the employees. In
accordance with the terms and within the scope of
this approval, on 25 January 2010 the board of
directors resolved to introduce such option scheme.
The Board of Directors has today decided on the
individual allocation which includes 41 employees and
in total decided to grant 11,456,000 options
according to the abovementioned option scheme at a
strike price of NOK 2.50.
The purpose of the plan is to further the interests
of the Company, its subsidiaries and its shareholders
by providing incentives in the form of awards to
employees who can contribute materially to the
success and profitability of Dolphin Group. Such
awards will recognize and reward outstanding
performances and individual contributions and give
participants in the plan an interest in the Company
parallel to that of the shareholders, thus enhancing
the proprietary and personal interest of such
participants in the Company's continued long term
success and progress. This plan will also enable the
Company and its subsidiaries to attract and retain
such employees. The board has incorporated in the
plan several performance targets as part of the
vesting criteria's.
An overview over the primary insiders that have been
granted options in the allocation is listed in the
attachment.
This information is subject of the disclosure
requirements according to section 5-12 of the
Norwegian Securities Trading Act.
For further information, please contact:
Ketil Sundal
Mob: +47 959 22 104
E-mail: [email protected]
Dolphin Group ASA
Olaf Helsetsvei 6
0619 OSLO
Tlf: +47 23 16 70 00
Fax: +47 23 16 71 80
www.dolphinics.com
www.dolphingeo.com