Aker ASA: Mandatory notification of trade

6/5/2018, 8:00 PM (Source: GlobeNewswire)

Aker ASA ("Aker") has carried out its employee share purchase programme for the year.

Participants in the share purchase programme were offered a discount of 20 per cent on the closing share price on 5 June 2018. Hence, each participant paid NOK 466.40 per share. All shares will be locked up for a period of three years from delivery of the shares, during which employees will not be able to sell the shares.

The following primary insiders have purchased shares:

* Frank O. Reite, Chief Financial Officer, has through the company Fausken Invest AS acquired 4 444 shares in Aker. Mr. Reite's total shareholding in Aker after the acquisition will be 71 240 shares, all of which are held through Fausken Invest AS.

* Arild Støren Frick, General Counsel, has through the company Elichapet AS acquired 400 shares in Aker. Mr. Frick's total shareholding after the acquisition will be 8 000 shares, all of which are held through Elichapet AS.

* Ove Andre Taklo, Corporate Controller, has acquired 935 shares in Aker. Mr. Taklo's total shareholding after the acquisition will be 5 015 shares.

* Laila Hop, Paralegal, has acquired 50 shares in Aker. Ms. Hop's total shareholding after the acquisition will be 298 shares.

Aker sold a total of 12 352 own shares in connection with the programme. Following the transaction, Aker will hold 53 381 own shares.

END

For further information, please contact:

Investors:
Per Kristian Reppe, Investment Manager & Head of Investor Relations
Phone: +47 24 13 00 67
Mobile: +47 90 03 32 03

Media:
Atle Kigen, Head of Corporate Communications
Phone: +47 24 13 00 08
Mobile: +47 907 84 878

***

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aker ASA via Globenewswire

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