Hexagon Composites ASA issues 1,450,000 call options at strike NOK 27

05.04.2017  Stock Exchange Release

In accordance with resolutions no 6 and no 13.2 of the Ordinary Shareholders' Meeting held in Aalesund on April 20 April 2016, the Board of Directors of Hexagon Composites ASA has issued 1,450,000 share options under the Company's management incentive program. Of the 1,450,000 options, 1,250,000 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 250,000 550,000 options and 420,867 shares
David Bandele 150,000 350,000 options and 32,745 shares
Skjalg S. Stavheim 150,000 300,000 options and 24,715 shares
Jack Schimenti 150,000 350,000 options and 60,341 shares
Michael Kleschinski 150,000 150,000 options and 0 shares
Frank Häberli 100,000 200,000 options and 18,713 shares
George Siedlecki 100,000 200,000 options and 3,300 shares
Rick Rashilla 100,000 175,000 options and 8,000 shares
Ragnar Holthe   50,000 150,000 options and 2,870 shares
Geir Torset   25,000 75,000 options and 31,146 shares
Morten Svela Sand   25,000 25,000 options and 0 shares

The share options give rights to buy shares in Hexagon Composites ASA at NOK 27 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 2019, first quarter of 2020 or second quarter of 2020.

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.