Hexagon Composites ASA: MANDATORY NOTIFICATION OF TRADE - OPTIONS
Reference is made to the announcement on 22 May 2018, in which Hexagon Composites ASA (the Company ) announced the grant of 1,200,000 share options to employees under its employee share option program, each at a strike price of NOK 20.85 per share. Following the distribution of 15% of the shares in Hexagon Purus AS as dividend in kind on 14 December 2020, the strike price has been adjusted by NOK 4.095 to make whole the 2018 options holders. The adjusted strike price is NOK 16.755 per share.
Of the 1,200,000 options, 800,000 options were granted to senior executives and managers listed as primary insiders. The options may be exercised in part or in full within three weeks following the official announcement of the financial results for the fourth quarter of 2020, first quarter of 2021 and second quarter of 2021.
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
In the first quarter of 2021, Hexagon (excl. Purus) generated NOK 690 (802) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 87 (82) million. The US Truck and European