Option holders under
For the options that have not been used to purchase and hold shares in the Company, the primary insiders listed below have transferred their rights to receive the new shares to a third party in return for a net sales proceed which will be finally determined on the basis of the market price subsequently obtained by the third party.
The results of the sales process will be announced in a separate stock exchange notice.
Morten Viga (CFO), exercised 96,908 options, of which 31,272 options had an exercise price ofNOK 23.53 per share and 65,636 options had an exercise price ofNOK 19.10 per share, following which he holds 800,000 options and 46,896 shares in the CompanyFrédéric Jacquin (SVP Silicones), exercised 50,000 options, of which 25,000 options had an exercise price ofNOK 23.53 per share and 25,000 options had an exercise price ofNOK 19.10 per share, following which he holds 850,000 options and 6,551 shares in the CompanyInge Grubben-Strømnes (SVP Silicon Products), exercised 100,000 options at an exercise price ofNOK 23.53 per share, following which he holds 900,000 options and 35,189 shares in the CompanyLuiz Simao (SVP Carbon Solutions), exercised 30,000 options at an exercise price ofNOK 19.10 per share, following which he holds 650,000 options and 10,000 shares in the CompanyHåvard Moe (SVP Technology) exercised 100,000 options, of which 50,000 options had an exercise price ofNOK 23.53 per share and 50,000 options had an exercise price ofNOK 19.10 per share. Out of these optionsHåvard Moe has purchased 50,000 shares at an exercise price ofNOK 23.53 per share. Following these transactions, he holds 900,000 options and 60,000 shares in the Company.
All the exercised options have been granted in accordance with the Company's share option programme described in the Company's latest annual financial statement.
Further details of the primary insider transactions pursuant to the market abuse regulation article 19 are attached.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
For further information, please contact:
VP Finance and Investor Relations
Tel: +47 976 72 806
Email: odd-geir.lyngstad@elkem.com
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