Kurs & Likviditet
Beskrivning
Land | Norge |
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Lista | OBX |
Sektor | Informationsteknik |
Industri | Kommunikation |
2020-10-21 17:00:00
Following the market close on October 21, 2020, employees in Nordic Semiconductor ASA have exercised 562 949 options in Nordic Semiconductor ASA. The options contracts were granted to employees with a strike price of NOK 35.77 and a "cap" of NOK 107.31 (upon cash settlement). Upon exercise, the company has the right to settle its option contracts in cash by paying the difference between the share price and the strike price, with a maximum settlement fee equal to the difference between the NOK 107.31 "cap" and the strike price of NOK 35.77 (or NOK 71.54 per option). Based on the current share price, the Board has authorized the company to exercise its right to settle its options contracts in cash by paying the difference between the NOK 107.31 "cap" and the strike price of NOK 35.77. This options settlement will result in a cash payment of NOK 40,273,372 (USD 4.378 million) to those employees who have exercised options. All expenses related to the options exercise have already been recognized in previous quarters, and the options settlement has no net impact on the operating expenses of the company in the current or future quarters. Chief Executive Officer, Svenn-Tore Larsen, has exercised 65,575 share options with a "cap" of NOK 107.31 Following this transaction, he holds 1,905,400 shares and 165,738 share options, 10,621 RSUs and 24,057 performance shares in the Company. Chief Financial Officer, Pål Elstad, has exercised 43,804 share options with a "cap" of NOK 107.31 Following this transaction, he holds 8,846 shares and 109,445 share options, 6,345 RSUs and 12,747 performance shares in the Company. Chief Technology Officer, Svein-Egil Nielsen, has exercised 43,804 share options with a "cap" of NOK 107.31 Following this transaction, he holds 17,000 shares and 70,144 share options, 7,172 RSUs and 14,794 performance shares in the Company. Sales and Marketing Director, Geir Langeland, has exercised 43,804 share options with a "cap" of NOK 107.31 Following this transaction, he holds 177,700 shares and 110,571 share options, 6,621 RSUs and 13,328 performance shares in the Company. Supply Chain Director, Ole Fredrik Morken, has exercised 43,804 share options with a "cap" of NOK 107.31 Following this transaction, he holds 180,000 shares and 85,505 share options, 5,241 RSUs and 10,576 performance shares in the Company. Quality Director, Ebbe Rømcke, has exercised 21,771 share options with a "cap" of NOK 107.31 Following this transaction, he holds 68,900 shares and 36,761 share options, 4,276 RSUs and 8,544 performance shares in the Company. Investor Relations Director, Ståle Ytterdal, has exercised 17,506 share options with a "cap" of NOK 107.31 Following this transaction, he holds 244,000 shares and 47,449 share options, 4,414 RSUs and 9,140 performance shares in the Company. Employee Representative, Jon Helge Nistad, has exercised 3,501 share options with a "cap" of NOK 107.31 Following this transaction, he holds 5,781 share options and 600 RSUs. For further information, contact: Pål Elstad, CFO +47 99 166 293