Exercise of employee share options in Kongsberg Automotive ASA ("the Company").
Joachim Magnusson has exercised 102.029 options in the Company, corresponding to 102.029 shares at the strike price of NOK 3,00.
Jonathan Day has exercised 40.000 options in the Company, corresponding to 40.000 shares at the strike price of NOK 5,00.
On 5 December 2014, the primary insiders mentioned below transferred their rights to receive shares resulting from the exercise of options to a third party.
The sales amount will be finally determined on the basis of the price subsequently obtained by the third party when selling the shares in the market. Still, primary insiders cannot be held liable for losses incurred by the third party if the shares are later sold below the strike price. Final compensation for the transferred rights will be reported to Oslo Børs when known.
Joachim Magnusson
Jonathan Day
After exercising options, the primary insiders mentioned in paragraph 2 hold the following number of unexercised options in the Company, each option corresponding to one share, at the indicated strike price:
Issued in | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
Strike price, NOK | 5,80 | 1,50 | 2,00 | 4,50 | 5,00 | 3,00 | 20,00 |
Expiry year | 2021 | 2020 | 2019 | 2018 | 2015 | 2019 | 2018 |
Joachim Magnusson | 125.000 | 125.000 | 122.000 | 117.000 | 115.000 | 0 | 17.971 |
Jonathan Day | 125.000 | 125.000 | 122.000 | 60.000 | 0 | 45.346 | 24.072 |
After completion of the above mentioned transactions, the primary insiders hold the following number of shares in the Company:
Joachim Magnusson 123.693
Jonathan Day 139.250
Philippe Toth, Mergers and Acquisitions & Investor Relations M: 47 98214021 Philippe.toth@ka-group.com
About Kongsberg Automotive:
Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable. With revenues of close to EUR 1.0 billion and approximately 10.000 employees in 20 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Kongsberg, Norway and has 32 production facilities worldwide. The product portfolio includes seat comfort systems, driver and motion control systems, fluid assemblies, and industrial driver interface products developed for global vehicle manufacturers. Find more information at www.kongsbergautomotive.com
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