As fulfillment of existing rights under the bonus program for employees in Aker ASA ("Aker"), the following primary insiders have received bonus shares. The shares have a lock-in period of three years. Upon allocation, the value of the shares was set to NOK 291.39. This corresponds to the three-day average, volume-weighted price of Aker`s share starting Monday 13 March 2016, to which a 20 per cent discount was applied.
The bonus shares were distributed as follows:
| Employee | Role | No. of bonus shares | No. of shares following allocation |
| Frank O. Reite | CFO | 2 402 | 64 781* |
| Arild Støren Frick | General Counsel | 1 414 | 6 414** |
| Audun Stensvold | Investment Director | 944 | 8 631 |
| Atle Kigen | Head of Communications | 517 | 8 617 |
| Ove Taklo | Corporate Controller | 358 | 3 657 |
| Per Kristian Reppe | Investment Manager and Investor Relations Director | 385 | 974 |
| Marianne Stigset | Investor Relations Director | 166 | 1 083 |
| Laila Hop | Paralegal | 25 | 227 |
* Owned through Fausken Invest AS.
** Owned through Elichapet AS.
The allocated bonus shares are drawn from the Company`s holdings of own shares. Following the allocation, the Company will hold a total of 26 349 own shares.
END
For further information, please contact:
Media:
Atle Kigen, Head of Communications
Phone: +47 24 13 00 08
Mobile: +47 907 84 878
Investors:
Per Kristian Reppe, Head of Investor Relations
Phone: +47 24 13 00 67
Mobile: +47 900 33 203
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Aker ASA via GlobeNewswire
HUG#2088385