Riverrun Capital Management AS, a company wholly-owned by the CEO of Akastor ASA, Kristian Røkke, has today purchased 200,000 treasury shares in the company at a price of NOK 10.8055 per share. The transaction was made off market (OTC) as part of the share purchase program for the CEO which was announced on July 16, 2015.
Pursuant to the share purchase program, Mr. Røkke is entitled to purchase up to 200,000 Akastor shares at the average market price during the first 20 trading days of his employment, less a discount of 20 percent. The shares are subject to a three years lock up period restriction.
Following today's transaction, Kristian Røkke holds 200,000 shares in Akastor ASA, and Akastor ASA holds 2,776,376 own treasury shares.
ENDS
For further information, please contact:
Tore D. Langballe
Head of Communications & Investor Relations
Mob: +47 907 77 841
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.