Itera

Transaction in Own Shares • Jun 25, 2019

Correction: Mandatory notification of trade

Correction: Mandatory notification of trade

This is a correction of the notification of 25.06.2019 10:04:31 CEST. The reason is an error in the number of shares sold through the employee share purchase programme, as well as the resulting holding of own shares after the transactions. The corrected notification is as follows:

As part of its annual share purchase programme for employees, Itera ASA has sold 168,015 shares at a price of NOK 7.65 per share less 20% discount to a total of 69 employees in the Group. In addition, Itera ASA has distributed a total of 13,072 shares to the winners of the company's annual innovation challenge.

Additionally, 268,000 options were redeemed at a strike price of NOK 2.58 per share in the option programme from 2015, of which 138,000 were converted into shares and 130,000 against cash consideration. The 2015 programme is thus finalised. A total of 291,000 options have been redeemed at the strike price of NOK 3.89 per share in the option programme from 2016, of which 141,000 were converted into shares and 150,000 against cash consideration. There are 842,000 options remaining in the programme that expire in June 2020. 140,720 options have been redeemed at the strike price of NOK 6.42 per share in the option programme from 2017, of which 29,960 were converted to shares and 110,760 against cash consideration. There are 1,015,720 options remaining in the programme that expire in 2021. The basis for the cash payments is based on the volume-weighted average rate in the period of 17-21 June 2019 of NOK 7.63 per share.

In total, Itera ASA has sold 469,047 of its own shares through the above transactions. New holding is 773,118 shares.

The following changes apply to primary insiders:

CEO Arne Mjøs has through his company Arne Mjøs Invest AS converted 201,960 options into shares. New holdings are 25,405,937 shares, of which 3,350,000 are on future contracts, and 277,040 options.

CFO Bent Hammer has bought 2,615 shares. New holdings are 278,222 shares and 303,840 options.

Executive Vice President Jon Erik Høgberg has purchased 2,615 shares and redeemed 99,960 options for cash consideration. New holdings are 640,166 shares and 147,920 options.

Communications Director Ane Gjennestad has through her company Triceps AS converted 6,000 options to shares. New holdings are 136,275 shares and 81,280 options.

Oddvar Håland, CEO of the subsidiary Compendia, has purchased 2,615 shares and redeemed 16,000 options for cash consideration. New holdings are 74,391 shares and 46,640 options.

Executive Vice President Kristian Enger has purchased 2,615 shares and converted 64,000 options into shares. New holdings are 499,322 shares and 169,880 options.

Executive Vice President Niko Nyström has purchased 2,615 shares and redeemed 85,960 options for cash consideration. New holdings are 356,311 shares and 147,920 options.

John Aalling, CEO of the subsidiary Itera Aps (DK), has purchased 2,615 shares and converted 8,000 options to shares. New holdings are 131.992 shares and 81,280 options.

Erik Berg Solheim, board member, has purchased 2,615 shares and converted 8,000 options to shares. New holdings are 45,511 shares and 12,000 options.

Odd Khalifi, observer to the board, has purchased 2,615 shares and redeemed 16,000 options for cash consideration. New holdings are 65,284 shares and 24,000 options.