Inactive Instrument

Kværner ASA

Equities

KVAER

NO0010605371

Kværner ASA: Mandatory notification of trade

June 15, 2020 at 04:31 am EDT

15 June 2020 - Shares awarded to employees under the variable pay programme 2017. Kværner ASA has awarded 8 109 shares to employees at a price of NOK 6.92 per share under the variable pay programme 2017. The share price was calculated 30 April 2018 as set out in the Statement of executive remuneration approved by the Annual General Meeting 2018. After the share allocation, Kværner ASA holds 570 256 own shares.

ENDS

For further information, please contact:

Investor Relations:
Idar Eikrem, EVP & CFO, Kvaerner, +Mob: +47 950 28 363, email: ir@kvaerner.com

About Kvaerner:
Kvaerner is a project execution specialist and a trusted advisor for our clients. We provide engineering, procurement and construction (EPC) services and deliver advanced offshore and onshore installations around the world.

We have offices in seven countries and approximately 2 800 employees. Health, Safety, Security and Environment (HSSE) has the highest priority in our work, and we aim to deliver technology and solutions in a safe and sustainable way. Our passion, experience and expertise realise values for clients and societies. Kværner ASA, through its subsidiaries and affiliates ("Kvaerner"), is an international contractor and preferred partner for operators and contractors within oil and gas, renewable energy and in the field of engineering and fabrication.

In 2019, Kvaerner's Field Development segment had consolidated annual revenues of NOK 9.4 billion and the company reported an order backlog at 31 March 2020 of NOK 7.2 billion. Kvaerner is publicly listed with the ticker "KVAER" at the Oslo Stock Exchange. For further information, please visit www.kvaerner.com (http://www.kvaerner.com (https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.kvaerner.com%2F&data=02%7C01%7Csimona.stromme%40kvaerner.com%7C002bc152def54b4c6ab608d7f024c67a%7C20d4745c70614b6d84dc036d4d008aed%7C1%7C1%7C637241913051078763&sdata=6vsWve66gbzRgA4bsS6Aqsh4DYH74f7QjFeC5LD65sQ%3D&reserved=0)).

To subscribe or unsubscribe to our press releases, please see our web page: https://www.kvaerner.com/investors/news-and-stock-exchange-announcements/subscribe-to-releases/ (https://eur03.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.kvaerner.com%2Finvestors%2Fnews-and-stock-exchange-announcements%2Fsubscribe-to-releases%2F&data=02%7C01%7Csimona.stromme%40kvaerner.com%7C002bc152def54b4c6ab608d7f024c67a%7C20d4745c70614b6d84dc036d4d008aed%7C1%7C1%7C637241913051078763&sdata=6EEdFeqfIAKnrdQnhvZxJlm1cMDv7onSNKbatHy8WD4%3D&reserved=0)

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Latest news about Kværner ASA

Kværner ASA(OB:KVAER) dropped from S&P Global BMI Index	20-11-16	CI
Aker Solutions ASA (OB:AKSO) completed the acquisition of Kværner ASA (OB:KVAER).	20-11-09	CI
Aker Solutions and Kværner Plan for Merger	20-11-05	CI
Transcript : Kværner ASA, Q3 2020 Earnings Call, Oct 28, 2020	20-10-28
Aker Carbon Capture : group's billionaire owner eyes less dependence on oil	20-09-16	RE
Aker : Norway's Aker Solutions announces merger with Kvaerner, new CEO	20-07-17	RE
Transcript : Kværner ASA, Aker Solutions ASA - M&A Call	20-07-17
Aker : Norway's Aker Solutions announces merger with Kvaerner, new CEO	20-07-17	RE
Kværner ASA Announces the Resignation of Idar Eikrem as Chief Financial Officer, Effective August 1, 2020	20-07-17	CI
Kværner and Aker Solutions Join Forces to Create A New Supplier Company and Announces Appointments to New Company	20-07-17	CI
Aker Solutions ASA (OB:AKSO) agreed to acquire Kværner ASA (OB:KVAER) for NOK 2.2 billion in a merger of equals transaction.	20-07-16	CI
Transcript : Kværner ASA, Q2 2020 Earnings Call, Jul 09, 2020	20-07-09
Kværner Asa Reports Earnings Results for the Second Quarter Ended June 30, 2020	20-07-09	CI
Kværner ASA (OB:KVAER) completed the acquisition of remaining 34% stake in from Selvaag Bolig ASA (OB:SBO).	20-07-08	CI
Kværner ASA Provides Earnings Guidance for the Second Quarter and Full Year 2020	20-07-06	CI
Kværner Receives Contract to Dismantle and Recycle Three Large Topsides, Three Jackets and Four Bridges from the Valhall and Hod Fields	20-06-30	CI
Kværner : Norway's Hod oilfield revamp to cost $596 million, Aker BP says	20-06-24	RE
Kværner : Aker BP revives Hod oil project after Norway tax incentive	20-06-09	RE
Kvaerner Wins Contract for HOD	20-06-09	CI
Norway parliament grants more tax relief to oil sector	20-06-08	RE
Transcript : Kværner ASA, Q1 2020 Earnings Call, Apr 27, 2020	20-04-27
Kværner Asa Reports Earnings Results for the First Quarter Ended March 31, 2020	20-04-27	CI
Kværner ASA Approves Committee Changes	20-03-24	CI
Kværner ASA Approves Dividend for the Year 2019, Payable on or About 9 April 2020	20-03-19	CI
Kværner ASA Approves Committee Changes	20-03-19	CI

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Company Profile

Kvaerner ASA is a Norway-based engineering, procurement and construction (EPC) company. It provides technologies and products for offshore topsides, floating oil and gas facilities, substructures and complete onshore plants. Its business is divided into two segments: Upstream, and Downstream and Industrials. Upstream segment is divided into four business areas: North Sea, delivering topsides, floaters and onshore upstream facilities; Jackets, delivering steel jackets for oil and gas installations and wind jackets; Concrete Solutions, delivering concrete substructures, and International, delivering topsides, floaters and onshore facilities. Downstream & Industrials segment consists of a business area Engineering & Construction (E&C) Americas and is a contractor for onshore facilities, power plants and steel mills. In December 2013, the Company's subsidiaries divested Kvaerner North American Construction Ltd. and assets of Kvaerner North American Construction Inc. to Matrix Service Co.

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