Remuneration Information • Aug 12, 2015
Remuneration Information
Open in ViewerOpens in native device viewer
Exercise of employee share options
Following the market close on August 11, 2015,
employees in Nordic Semiconductor ASA have exercised
35,200 share options in Nordic Semiconductor ASA. Of
these, 18,700 share options will be settled in cash.
In addition ABG Sundal Collier has been retained to
buy 16,500 shares on behalf of Nordic Semiconductor
ASA to be transferred to employees that chose to
settle the options by receiving shares. The shares
were purchased at a price of NOK 52.43.
The options contracts were granted to employees with
a strike price of NOK 38.43 and a "cap" of NOK
150.00 upon cash settlement).
This options settlement will result in a total net
cash payment of NOK 492,652 (USD 60,000) for Nordic
Semiconductor ASA.
All expenses related to the options exercise have
already been recognized in previous quarters, and
the options settlement has no net impact on the
operating expenses of the company in the current or
future quarters.
After this transaction, the total number of options
issued in Nordic Semiconductor ASA shares under the
employee option program is 3,843,540
For more information, please contact:
Pål Elstad, CFO +47 99 166 293
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.