Reference is made to prior stock exchange notices regarding the Employee Share
Savings Program.
Under the terms of the Program, participating employees may allocate a fixed
amount of their monthly after-tax salary to purchase shares in Atea ASA (up to a
maximum per month of NOK 1,000 in Norway, SEK 1,000 in Sweden, DKK 700 in
Denmark and EUR 100 per month in Finland and the Baltic countries). Shares are
purchased by employees from Atea ASA's treasury share holdings at market price.
The price of the shares purchased is determined based on the volume-weighted
average price of the ATEA share on the day preceding the share transfer.
As an additional incentive, participating employees will receive one "bonus"
share for each two ordinary shares purchased under the Program after a vesting
period in which the specified ordinary shares must be held. The vesting period
is three years for executive management and two years for all other employees.
The participant must also remain employed by Atea during the vesting period in
order to receive the bonus share. The "bonus" share is treated as a restricted
stock unit (RSU) under IFRS 2 Share-Based Payment.
On 13 May 2026, Atea ASA transferred 70,352 treasury shares to employees based
on the following transactions in the Employee Share Savings program. After the
transactions, Atea ASA owns 951,031 of its own shares.
1. Employee share purchase
On 8 May 2026, 3,204 employees in the Atea group purchased a total of 55,037
shares in Atea ASA. Shares were purchased from Atea's treasury share holdings
at a share price of NOK 161.325 per share, corresponding to the volume-weighted
average share price on 7 May 2026. The cost of the shares will be deducted from
the employees' after-tax salary in May, June and July.
The following primary insiders acquired ATEA shares under the Atea Share Savings
Program, and are subject to public disclosure requirements as a result of share
transaction volumes during calendar year 2026.
Arunas Bartusevicius (Managing Director, Atea Baltics) purchased 20 shares under
the Program. After the transaction, the primary insider holds 176,391 shares,
280,000 options and 151 RSUs in the Company.
Robert Giori (Group CFO) purchased 19 shares under the Program. After the
transaction, the primary insider holds 127,056 shares, 500,000 options and 130
RSUs in the Company. The shareholding includes shares held by close associates
and through his holding company Four Leaf Clover AS.
Carl-Johan Hultenheim (Group COO) purchased 18 shares under the Program. After
the transaction, the primary insider holds 14,276 shares, 600,000 options and
134 RSUs in the Company.
Nicolai Moresco (Managing Director, Atea Denmark) purchased 18 shares under the
Program. After the transaction, the primary insider holds 4,018 shares, 100,000
options and 9 RSUs in the Company.
Ole Petter Saxrud (Managing Director, Atea Norway) purchased 19 shares under the
Program. After the transaction, the primary insider holds 1,769 shares, 400,000
options and 130 RSUs in the Company.
Juha Sihvonen (Managing Director, Atea Finland) purchased 20 shares under the
Program. After the transaction, the primary insider holds 313 shares, 430,000
options and 151 RSUs in the Company.
Steinar Sønsteby (Group CEO) purchased 19 shares under the Program. After the
transaction, the primary insider holds 125,269 shares, 1,000,000 options and 130
RSUs in the Company. The shareholding includes shares held through his holding
company SS Holding AS.
Linus Wallin (Managing Director, Atea Sweden) purchased 18 shares under the
program. After the transaction, the primary insider holds 276 shares, 400,000
options and 134 RSUs in the Company.
2. Award of bonus shares
On 7 May 2026, non-executive employees received the right to bonus shares after
having held shares purchased through the program for the required vesting
period. In total, 15,315 shares have been transferred from Atea's treasury
holdings to employee accounts.
For further information, please contact:
Robert Giori, CFO Atea ASA, mobile +47 934 09 188
Ole Johan Fjellestad, Group Chief Accountant, mobile +47 992 74 829
please contact:\
\
Robert Giori\, CFO Atea ASA\, mobile +47 934 09 188\
Ole Johan Fjellestad\, Group Chief Accountant\, mobile +47 992 74 829\