Petroleum Geo-Services ASA: Settlement of parts of the 2014 PRSU program - CORRECTION
September 01 2017 - 7:32AM
Now including total holding of PRSUs and RSUs.
1. Settlement
The Performance based Restricted Stock Units
("PRSU") awarded on September 1, 2014, settled on September 1,
2017. Employees in Petroleum Geo-Services ASA and subsidiaries
("PGS" or "the Company") have received a total number of 27 500
shares. The value of the shares is taxable and reported as normal
income. Following the transaction 27 500 shares will be
transferred from the Company's holding of own shares.
Subsequent to the transaction PGS holds 30 288 own
shares.
2. Receipt of shares by primary insiders
Rune Olav Pedersen, President & CEO has
received 25 000 shares in the Company at a price of NOK 14.66 per
share.
Bård Stenberg, VP IR & Corporate
Communications has received 2 500 shares in the Company at a price
of NOK 14.66 per share.
3. New holding
After completion of the above mentioned
transaction, Rune Olav Pedersen holds 90 000 PRSUs and
45 000 RSUs in the Company. As of today the primary insider
owns 57 617 shares in the Company.
After completion of the above mentioned
transaction, Bård Stenberg holds 11 800 PRSUs and 10 200
RSUs in the Company. As of today the primary insider owns
9 436 shares in the Company.
For details, contact:
Bård Stenberg, VP IR & Corporate Communications
Phone: +47 67 51 43 16
Mobile: +47 99 24 52 35
This information is subject
to the disclosure requirements pursuant to section 5 -12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Petroleum Geo-Services ASA via Globenewswire
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