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.

3,106 Atea employees are presently registered in the Program, representing approximately 38% of all employees in the Atea Group.

On February 12, these employees purchased 68,318 shares in Atea ASA.  Shares were purchased from Atea's treasury share holdings at a share price of NOK 128.26 per share, corresponding to the volume-weighted average share price on February 9, 2024. The cost of the shares will be deducted from the employees' after-tax salary in February, March and April. After the transaction, Atea ASA holds 912,402 of its own shares.

The following primary insiders have acquired ATEA shares on February 12, 2024 under the Atea Share Savings Program.

Eugenie Bakous (employee Deputy Board member) purchased 23 shares under the program. After the transaction, the primary insider holds 70 shares and 35 RSUs in the Company.

Arunas Bartusevicius (Managing Director, Atea Baltics) purchased 26 shares under the Program. After the transaction, the primary insider holds 170,290 shares, 210,000 options and 48 RSUs in the Company.

Truls Berntsen (employee Deputy Board member) purchased 23 shares under the program. After the transaction, the primary insider holds 83 shares and 42 RSUs in the Company.

Arild Fevang (employee Deputy Board member) purchased 23 shares under the program. After the transaction, the primary insider holds 283 shares and 42 RSUs in the Company.

Kathrine Forsberg (Managing Director, Atea Denmark) purchased 25 shares under the Program. After the transaction, the primary insider holds 90 shares, 240,000 options and 45 RSUs in the Company.

Robert Giori (Group CFO) purchased 23 shares under the Program. After the transaction, the primary insider holds 126,870 shares, 475,000 options and 42 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 23 shares under the Program. After the transaction, the primary insider holds 83 shares and 42 RSUs in the Company.

Carl-Johan Hultenheim (Group COO) purchased 23 shares under the Program. After the transaction, the primary insider holds 14,083 shares, 575,000 options and 42 RSUs in the Company.

Marianne Johannessen (employee Deputy Board member) purchased 23 shares under the program. After the transaction, the primary insider holds 850 shares and 42 RSUs in the Company.

Leiv Jarle Larsen (employee Board member) purchased 23 shares under the Program. After the transaction, the primary insider holds 83 shares and 42 RSUs in the Company.

Ole Petter Saxrud (Managing Director, Atea Norway) purchased 23 shares under the Program. After the transaction, the primary insider holds 1,583 shares, 185,000 options and 42 RSUs in the Company.

Juha Sihvonen (Managing Director, Atea Finland) purchased 26 shares under the Program. After the transaction, the primary insider holds 96 shares, 370,000 options and 48 RSUs in the Company.

Steinar Sønsteby (Group CEO) purchased 23 shares under the Program. After the transaction, the primary insider holds 125,083 shares, 1,125,000 options and 42 RSUs in the Company. The shareholding includes shares held through his holding company SS Holding AS. 

Linus Wallin (Managing Director, Atea Sweden) purchased 23 shares under the program. After the transaction, the primary insider holds 83 shares, 270,000 options and 42 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