On October 23, employees of the Atea Group exercised stock options. Upon exercise, the stock options are converted into the right to receive ATEA shares of an equivalent intrinsic value. The intrinsic value is calculated based on the volume weighted average price of the ATEA share on the day preceding the exercise.
In total, 20,500 stock options with a weighted average strike price of NOK 83.05 were exercised and converted into the right to receive 10,385 Atea shares, based on the volume weighted average price for the Atea share on October 22.
After withholding of income taxes, employees received rights to 5,304 shares in Atea ASA. Atea will transfer 5,304 of its own shares to fulfill the company's obligations.
Following the transaction, Atea ASA holds 818,901 of its own shares.
For further information, please contact:
Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655
Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188