Hexagon Composites ASA issues 1,200,000 call options at strike NOK 20.85

22.05.2018  Stock Exchange Release

In accordance with resolutions no 6 and no 13.2 of the Ordinary Shareholders' Meeting held in Aalesund on 19 April 2018, the Board of Directors of Hexagon Composites ASA has issued 1,200,000 share options under the Company's management incentive program. Of the 1,200,000 options, 800,000 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  120,000  670,000 options and 440,867 shares
David Bandele  80,000  430,000 options and 32,745 shares
Heiko Chudzick  80,000  80,000 options and 0 shares
Frank Häberli  80,000  280,000 options and 18,713 shares
Jack Schimenti  80,000  430,000 options and 60,341 shares
Michael Kleschinski   80,000  230,000 options and 0 shares
Skjalg S. Stavheim  80,000  380,000 options and 29,215 shares
George Siedlecki  80,000  280,000 options and 3,300 shares
Rick Rashilla  80,000  175,000 options and 8,000 shares
Geir Torset  20,000  95,000 options and 31,146 shares
Morten Svela Sand  20,000  45,000 options and 0 shares

The share options give rights to buy shares in Hexagon Composites ASA at NOK 20.85 per share provided that the share price on the date of exercise is minimum NOK 25.36 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 2020, first quarter of 2021 or second quarter of 2021.

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.