Kvaerner sells 1 430 429 shares to employees

Nordea Markets has on behalf of Kværner ASA sold 1 430 429 shares in relation with the company’s share purchase programme for employees.

Following the transaction, Kværner ASA holds a total of 1 093 77 own shares. The price was based on the average volume weighted share price on Oslo stock exchange over the five days period from 18 November to 22 November 2019 giving a price per share of NOK 12.46 More than 2 450 employees in Norway were invited to participate in Kvaerner’s fifth share purchase programme where they were offered to buy shares for up to NOK 60 000 each.

The participants in the employee share purchase programme were offered a discount of up to NOK 3 000 in addition to a price reduction of 20 percent on the share price. The shares purchased by the employees through the programme are subject to a two year lock-up period from the date of delivery.

Source / More : Kværner ASA

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