The employees of Link Mobilty Group (LINK) were invited to subscribe for shares in Link Mobility Group ASA through a share incentive program announced 11 May 2015 and 22 May 2015
60 per cent of LINK’s employees decided to invest in the company, subscribing for 268.997 shares at the price of NOK 27,80 per share, the closing value at Oslo Stock Exchange at the day of the announcement of the share incentive program. Of the total of NOK 7.478.116,60, NOK 6.163.790,80 is to be paid in cash and NOK 1.231.825,80 is to be paid through salary deductions over a 12 months period, in line with the statutory and regulatory requirements for such credit arrangements. Each employee was given a rebate of NOK 1.500.
The following primary insiders have acquired shares in Link Mobility Group ASA through the incentive program:
After the transaction the primary insiders hold the following shares and warrants in Link Mobility Group ASA:
“I`m extremely pleased that as many as 60% of all LINK’s employees choose to invest in this employee share program. It shows that we have a highly motivated staff that truly believes in LINK and its future. Now its up to the Board, Management and employees to deliver on the trust in LINK`s future that lies in such a commitment” says Jens Rugseth, the Chairman of Link
After the issue of 268.997 new shares, the share capital will be NOK 8.652.311 divided into 8.652.311 shares of NOK 1 each.
For further information, please contact:
CFO Siw Ødegaard
Link Mobility Group ASA
Mob: 47 95 75 98 48
Rosenkrantz’ gate 9, NO-0159 Oslo, Norway