Exercise of options and mandatory notification of trade
0
Based on the power of attorney granted at the annual general meeting of EMGS on
2 June 2010, the Board of Directors of EMGS has in a board meeting 15 June 2011
approved a share issue of 496,200 shares, each with a face value of NOK 0.25 at
the option price of NOK 4.28 per share for 89,000 of the new shares, NOK 5.77
for 202,000 of the new shares and NOK 10.95 for 205,000 of the new shares. As a
result, the share capital will be increased by NOK 124,050 from NOK
46,895,623.25 to NOK 47,019,673.25. The number of shares after the issue is
188,078,693.
The share issue is completed through exercising of stock options in connection
with EMGS´s stock option program.
Bjarte Bruheim, Chairman of EMGS´s Board, has on 15 June 2011 exercised 205,000
options at the strike price of NOK 10.95 per share based on options granted in
2004 with expiration in July 2011.
Mr. Bruheim has on the same date extended ("rolled") the six-month forward
contract of 15 December 2010, relating to the purchase of 1,000,000 shares in
EMGS, for a new period of six months - until 15 December 2011 - at NOK 12.75 per
share.
After these transactions, Mr. Bruheim holds 2,205,088 shares, 100,000 options
and a forward contract for 1,000,000 shares in EMGS.
Svein Knudsen, CFO of EMGS, has on 15 June 2011 exercised 140,000 options,
whereof 50,000 at the strike price of NOK 4.28 and 90,000 at NOK 5.77 per share.
After this transaction, Svein Knudsen holds 207,694 shares and 385,000 options
in EMGS.
Vidar Furuholt, deputy board member in EMGS, has on 15 June 2011 exercised
10,000 options, whereof 8,000 at the strike price of NOK 4.28 and 2,000 at NOK
5.77 per share. After this transaction, Vidar Furuholt holds 10,000 shares and
46,000 options in EMGS.
Contact
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
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originality of the information contained therein.
Source: EMGS via Thomson Reuters ONE
[HUG#1523809]
NO0010358484
