Kværner ASA: Mandatory notification of trade
16 September 2013 - Kværner ASA awarded a total of 64 261 own shares as bonus
shares to qualifying employees as part of Aker Solutions' 2011 share purchase
programme III. The share price of NOK 10.09 equals the volume-weighted average
share price of Kværner ASA shares on the Oslo Stock Exchange Friday 13
September 2013. Following the transaction, Kværner ASA holds no own shares.
The bonus share award is free of charge; however the value of the bonus
shares, based on the above share price, is taxable as personal income for each
recipient. For more information regarding the 2010 share purchase programme
for employees, please see the stock exchange release of 20 January 2011 under
Aker Solutions ASA.
Enclosed is the overview of bonus shares awarded to primary insiders.
For further information, please contact:
Investor relations: Ingrid Aarsnes, SVP Investor Relations, Kvaerner, Tel: +47
67 59 50 46, Mob: +47 950 38364
With more than 3 000 HSSE-focused and experienced employees, Kvaerner is a
specialised provider of engineering, procurement and construction (EPC)
services for offshore platforms and onshore plants. Kværner ASA, through its
subsidiaries and affiliates ("Kvaerner"), is an international contractor that
plans and realises some of the world's most demanding projects as a preferred
partner for upstream and downstream oil and gas operators, industrial
companies and other engineering and fabrication contractors.
In 2012, the Kvaerner group had consolidated annual revenues of close to NOK
11 billion and the company had an order backlog of almost NOK 30 billion on 30
June 2013. Kvaerner was publicly listed with the ticker "KVAER" at the Oslo
Stock Exchange on 8 July 2011. For further information, please visit
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
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Kværner ASA via Thomson Reuters ONE
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