Petroleum Africa
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Tuesday, September 29, 2015
Aker Solutions is offering employees in certain jurisdictions the opportunity to buy shares in the company. Under the company’s plan, the 2015 employee share purchase program, participants will be allowed to acquire shares for between NOK 10,000 and NOK 60,000. Participants are offered a general discount of NOK 1,500 on their total share purchase.
In addition, a price reduction of 25% of the share price will apply in exchange for the purchased shares being subject to a three year lock-up period. The purchase will be financed by a loan from Aker Solutions to be settled by salary deductions over a twelve-month period.
Aker Solutions will also offer selected managers the opportunity to buy additional shares worth as much as 25% of their annual base salary. A price reduction of 25% of the share price will apply in exchange for the purchased shares being subject to a three-year lock-up period. The managers are responsible for the financing and upfront cash settlement of these purchases.
The subscription period for both programs is November 5-20, 2015.
The company will purchase own shares in the open market for onwards sale to participants under the programs.
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