Hexagon Composites ASA issues 925,000 call options at strike NOK 20

01.04.2016  Stock Exchange Release

In accordance with resolutions no 6 and no 14.2 of the Ordinary Shareholders' Meeting held in Aalesund on April 21 April 2015, the Board of Directors of Hexagon Composites ASA has issued 925,000 share options under the Company's management incentive program. Of the 925,000 options, 775,000 options have been granted to senior executives and managers listed as primary insiders.

Of the options granted to primary insiders:

Primary insider: Options granted:     New holding after the grant:
Jon Erik Engeset 150,000     300,000 options and 420,867 shares
David Bandele 100,000     200,000 options and 32,745 shares
Skjalg S. Stavheim  100,000     150,000 options and 144,715 shares
Jack Schimenti  100,000     200,000 options and 60,341 shares
Chet Dawes  50,000     100,000 options and 22,736 shares
Frank Häberli 50,000     100,000 options and 18,713 shares
George Siedlecki 50,000     100,000 options and 3,300 shares
Rick Rashilla 50,000     75,000 options and 8,000 shares
Ragnar Holthe 50,000     100,000 options and 2,870 shares
Daniel Aasheim 50,000     100,000 options and 5,293 shares
Geir Torset 25,000     50,000 options and 31,146 shares

The share options give rights to buy shares in Hexagon Composites ASA at NOK 20 per share.

The options may be exercised in part or in full within three weeks following the official announcement of the financial results for the fourth quarter of 2018, first quarter of 2019 or second quarter of 2019.

For more information:
Jon Erik Engeset, CEO, Hexagon Composites ASA
Telephone: +47 916 30 550 | jon.erik.engeset@hexagon.no

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