2025-05-07 14:41:06
Reference is made to Endúr ASA's (the "Company") annual general meeting held on
4 March 2025, where the Company's board of directors was granted an
authorisation to increase the Company's share capital by issuing new shares in
the Company for general corporate purposes.
The Company has executed an employee share purchase program for 2025
("ESPP2025"), with a subscription period from 31 March 2025 to 8 April 2025, and
is pleased to announce that it received applications from the group's employees
to purchase subscribe for up to a total of 383,340 new shares at a share price
of NOK 59.42336 per share (the "Subscription Price").
All permanent employees and board members have been given the opportunity to
subscribe shares in the Company at a discount, for the amount of either NOK
16,000, NOK 48,000, NOK 160,000 or NOK 320,000 in the Company (after discount).
The Subscription Price per share of NOK 59.42336 is based on the volume weighted
average closing price of the Company's share during the application period
reduced by a discount of 20%. The new shares are subject to 6 months lock-up.
The following primary insiders of the Company have been allocated shares under
the ESPP2025 at the Subscription Price:
- Pål Reiulf Olsen (Chairman of the Board), has been allocated 5,385 shares.
Following the transaction, Pål Reiulf Olsen holds 146,399 shares and 10,000
share options in the Company.
- Kristine Landmark (Board member), has been allocated 2,692 shares. Following
the transaction, Kristine Landmark holds 33,577 shares in the Company.
- Jostein Devold (Board member), has been allocated 5,385 shares. Following the
transaction, Jostein Devold holds 10,643 shares in the Company.
- Jeppe Raaholt (CEO), acting through Råbjørn AS, has been allocated 5,385
shares. Following the transaction, Jeppe Raaholt holds 308,857 shares and
720,000 share options in the Company.
- Einar Olsen (CFO), acting through Red Devil Holding AS, has been allocated
5,385 shares. Following the transaction, Einar Olsen holds 82,885 shares and
480,000 share options in the Company.
- Hanne Snipen (CAO), has been allocated 2,692 shares. Following the
transaction, Hanne Snipen holds 5,565 shares and 15,000 share options in the
Company.
- Elisabet Mørk (VP Finance), has been allocated 5,385 shares. Following the
transaction, Elisabet Mørk holds 8,915 shares and 10,000 share options in the
Company.
Please see the attached forms for further details about the transactions.
Following completion of the ESPP2025, based on the applications received from
the employees and pursuant to the authorisation granted by the Company's
ordinary general meeting on 4 March 2025, the board has resolved to increase the
Company's share capital by NOK 191,670.00 by issuing 383,340 new shares, each at
a nominal value of NOK 0.50, at a Subscription Price of NOK 59.42336 per share.
Following registration of the new share capital, the Company will have a share
capital of NOK 25,348,000, consisting of 50,696,000 shares, each with a nominal
value of NOK 0.50.
This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 number 3, the Oslo Børs Rule Book part
II, and of section 5-12 of the Securities trading Act.
This stock exchange announcement was published by Einar Olsen, CFO of Endúr ASA,
on 07 May 2025.
For further information, please contact:
Media - Jeppe Raaholt, CEO of Endúr ASA, tel.: +47 976 69 759
Investors - Einar Olsen, CFO of Endúr ASA, tel.: +47 924 01 787
About Endúr ASA
Endúr ASA (OSE: ENDUR) is a leading supplier of construction and maintenance
projects and services for infrastructure, including facilities for land-based
aquaculture, quays, harbours, dams, bridges and other specialised concrete and
steel projects. The company and its subsidiaries also offer a wide range of
other specialised project and marine services. Endúr ASA is headquartered in
Lysaker, Norway. See www.endur.no.