Business
Norconsult ASA: Employee Share Programs 2025
Norconsult ASA: Employee Share Programs 2025
About this update from Norconsult Asa
Norconsult ASASandvika, 5 June 2025(OSE: NORCO): In connection with Norconsult ASA's (the "Company") Employee Share Programs for 2025, 4 278 employees purchased a total of 1 783 023 shares. The share programs were substantially oversubscribed, hence the allocation of shares was reduced in order to meet the previously communicated cost frame for the program. The share programs include a program for discounted shares and matching shares, as well as programs for executive management and other key employees.For discounted shares, the purchase price is equal to the volume-weighted average share price for the Company's shares on the Oslo Stock Exchange during the last ten trading days prior to, and including, the last day of the subscription period, 4 June 2025, with a discount of 20%.For matching shares, the purchase price is equal to the volume-weighted average share price for the Company's shares on the Oslo Stock Exchange during the last ten trading days prior to, and including, the last day of the subscription period, 4 June 2025.Employees participating in the matching share program will receive one matching share for each share purchased, provided they remain employed with the Company and holds their shares through the specified vesting period. Employees receive 4/10 shares after three years and 6/10 shares after five years. The matching share program for executive management and other key employees are subject to a two-year lock-up period with a 20% discount on the purchasing price.A total of 3 962 participants purchased 1 027 394 shares at a price of NOK 37.02 per share.A total of 3 143 participants purchased 755 629 shares at a price of NOK 46.28 per share.The following primary insiders (PDMR) have been allocated the following number of shares on 4 June 2025 and received the following number of potential matching shares:Egil Hogna, President and CEO, purchased 10 989 shares and has been allocated 5 365 matching shares. After the transaction, Egil Hogna and his close associates hold 1 161 612 shares in the Company.Dag Fladby, CFO, purchased 4 551 shares and has been allocated 2 237 matching shares. After the transaction, Dag Fladby and his close associates hold 221 058 shares in the Company.Bård Sverre Hernes, EVP Norway Head Office, purchased 4 402 shares and has been allocated 2 162 matching shares. After the transaction, Bård Sverre Hernes and his cl...