Photocure ASA: Update on management shareholdings and exercise of employee share options
06 September 2016 - 4:25PM
Update on management
shareholdings and exercise of employee share options in Photocure
ASA ("the Company").
Oslo, Norway, 6 September 2016
1. Participants in the Photocure's share
option program have on September 5th 2016 exercised a total number
of 35,000 options at a strike price of NOK 27.39. Each option gives
the right to receive one share in the Company. The company has
resolved a share capital increase as a consequence of employees
exercising vested options granted under the company's employee
incentive scheme.
2. Options exercised by primary insiders 5th
of September 2016:
Kjetil Hestdal, President and CEO, has exercised 25,000 options in
the Company, corresponding to 25,000 shares at the strike of NOK
27.39.
Erik Dahl, CFO, has exercised 1,000 options in the Company,
corresponding to 1,000 shares at the strike of NOK 27.39.
3. New holding:
After exercising options, Kjetil Hestdal holds 123,500 unexercised
options in the Company, corresponding to 40,000 shares at the
strike price of NOK 32.78, 21,000 shares at the strike price of NOK
38.50, 32,500 shares at the strike price of NOK 40.15, and 30,000
shares at the strike price of NOK 48.75. After completion of the
abovementioned transactions, Kjetil Hestdal holds 128,873 shares in
the Company.
After exercising options, Erik Dahl holds 93,500
unexercised options in the Company, corresponding to 14,000 shares
at the strike price of NOK 27.39, 24,000 shares at the strike price
of NOK 32.78, 30,000 shares at the strike price of NOK 38.50 and
25,500 shares at the strike price of NOK 40.15. After completion of
the abovementioned transactions, Erik Dahl holds 1,000 shares in
the Company.
Photocure
CFO Erik Dahl
Tel: +47 450 55 000
Email: ed@photocure.no
This information is subject
to the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Photocure ASA via Globenewswire
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