Spectrum ASA has in accordance with the company's current option program, resolved in an extraordinary general meeting November 30th 2010, granted options to a primary insider in the company. The company's option program includes option to subscribe for 6.000.000 shares in the company.
200.000 options have been granted to general counsel Svein Staalen. Following this grant Svein Staalen holds 300.000 options and 0 shares in Spectrum ASA. Each option represents the right to subscribe for one share with an exercise price per share defined as the average volume weighted price 20 (twenty) days immediately prior to the date of this grant. The options vest over a four year period.
For further information, please contact:
Henning Olset
CFO of Spectrum ASA
Phone: +47 23 01 49 65
www.spectrumasa.com
200.000 options have been granted to general counsel Svein Staalen. Following this grant Svein Staalen holds 300.000 options and 0 shares in Spectrum ASA. Each option represents the right to subscribe for one share with an exercise price per share defined as the average volume weighted price 20 (twenty) days immediately prior to the date of this grant. The options vest over a four year period.
For further information, please contact:
Henning Olset
CFO of Spectrum ASA
Phone: +47 23 01 49 65
www.spectrumasa.com
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)