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 is 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.

3,147 Atea employees are presently registered in the Program, representing approximately 39% of all employees in the Atea Group.

On November 7, these employees purchased 74,584 shares in Atea ASA.  Shares were purchased from Atea's treasury share holdings at a share price of NOK 121.58 per share, corresponding to the volume-weighted average share price on November 6, 2023. The cost of the shares will be deducted from the employees' after-tax salary in November, December and January. After the transaction, Atea ASA holds 1,233,053 of its own shares.

The following primary insiders have acquired ATEA shares on November 7, 2023 under the Atea Share Savings Program.

Eugenie Bakous (employee Deputy Board member) purchased 25 shares under the program. After the transaction, the primary insider holds 47 shares and 23 RSUs in the Company.

Arunas Bartusevicius (Managing Director, Atea Baltics) purchased 29 shares under the Program. After the transaction, the primary insider holds 100,264 shares, 280,000 options and 35 RSUs in the Company.

Truls Berntsen (employee Deputy Board member) purchased 25 shares under the program. After the transaction, the primary insider holds 60 shares, 6,000 options and 30 RSUs in the Company.

Arild Fevang (employee Deputy Board member) purchased 25 shares under the program. After the transaction, the primary insider holds 260 shares and 30 RSUs in the Company.

Kathrine Forsberg (Managing Director, Atea Denmark) purchased 27 shares under the Program. After the transaction, the primary insider holds 65 shares, 240,000 options and 33 RSUs in the Company.

Robert Giori (Group CFO) purchased 25 shares under the Program. After the transaction, the primary insider holds 126,847 shares, 475,000 options and 30 RSUs in the Company. The shareholding includes shares held by close associates and through his holding company Four Leaf Clover AS.

Marius Hole (employee Board member) purchased 25 shares under the Program. After the transaction, the primary insider holds 60 shares and 30 RSUs in the Company.

Carl-Johan Hultenheim (Group COO) purchased 25 shares under the Program. After the transaction, the primary insider holds 14,060 shares, 575,000 options and 30 RSUs in the Company.

Leiv Jarle Larsen (employee Board member) purchased 25 shares under the Program. After the transaction, the primary insider holds 60 shares and 30 RSUs in the Company.

Ole Petter Saxrud (Managing Director, Atea Norway) purchased 25 shares under the Program. After the transaction, the primary insider holds 1,560 shares, 185,000 options and 30 RSUs in the Company.

Juha Sihvonen (Managing Director, Atea Finland) purchased 29 shares under the Program. After the transaction, the primary insider holds 70 shares, 400,000 options and 35 RSUs in the Company.

Steinar Sønsteby (Group CEO) purchased 25 shares under the Program. After the transaction, the primary insider holds 125,060 shares, 1,241,307 options and 30 RSUs in the Company. The shareholding includes shares held through his holding company SS Holding AS. 

Marianne Urdahl (employee Deputy Board member) purchased 25 shares under the program. After the transaction, the primary insider holds 827 shares and 30 RSUs in the Company.

Linus Wallin (Managing Director, Atea Sweden) purchased 25 shares under the program. After the transaction, the primary insider holds 60 shares, 285,000 options and 30 RSUs in the Company.

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