On 5 October 2018, primary insider Leiv Kallestad, CFO in TTS Group ASA, exercised 106,250 options (each giving the right to one share in TTS Group ASA) at a strike price of NOK 3.43 per share. In order to settle its obligation to deliver the shares, TTS Group ASA has on the same date agreed to sell 106,250 of its treasury shares to Mr. Kallestad at a price of NOK 3.43 per share.
Following this transaction:
- Leiv Kallestad will hold 106,250 shares in TTS Group ASA and 63,750 options. His remaining options are subject to restrictions of exercise described in the minutes of general meeting of 1 June 2017, and
- TTS Group ASA will hold 6,632 treasury shares.
The total number of remaining options under the employee option program in TTS Group ASA is 823,750.
This information is subject to the disclosure requirements pursuant to section 4-2 and 5-12 of the Norwegian Securities Trading Act.
Bergen, 5 October 2018
TTS Group ASA
Contact person:
Toril Eidesvik
CEO
M: +47 900 78 218