ATEA ASA

02/12/2020 | Press release | Distributed by Public on 02/12/2020 03:53

Exercise of employee share options in Atea ASA ('the Company') and increase of the share capital

Exercise of employee share options in Atea ASA ('the Company') and increase of the share capital

Employees in the Atea Group have exercised 272,633 options. Following the share option exercise the Board of Directors, pursuant to authorization granted by the Company's Annual General Meeting, has decided to increase the Company's share capital by NOK 272,633 by issuing 272,633 new shares, of par value NOK 1. Following the increase, the Company's share capital is NOK 109,981,046 divided into 109,981,046 shares. The option exercise price was NOK 102,00. The capital increase has result in gross proceeds of NOK 27,808,566. The share capital increase has been registered by the Norwegian Register of Business Enterprises (Foretaksregisteret), and Atea's Articles of association have been revised accordingly. This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Trading Act). For further information, please contact: Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655 Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188 About Atea Atea is the leading supplier of IT infrastructure and system integration in the Nordic and Baltic regions with more than 7,500 employees. Atea is present in 85 cities in Norway, Sweden, Denmark, Finland, Lithuania, Latvia and Estonia. Atea delivers IT products from leading vendors and assists its customers with specialist competencies within IT infrastructure services. Atea had revenue of approximately NOK 37 billion in 2019 and is listed on Oslo Stock Exchange. www.atea.com