With reference to the power of attorney granted at the ordinary general meeting of emgs on 1 March 2007, the board of Directors has in a board meeting 28 June 2007 approved a share issue of 236,750 shares, each with a face value of NOK 0.25. As a result, the share capital will be increased by NOK 59,187,50 from NOK 18,361,643.25 to NOK 18,420,830.75.
The share issue is completed through exercising of stock options in connection with emgs' stock option program to key employees.
The following primary insiders have decided to exercise options:
Bjarte Bruheim
50,000 shares at a subscription price of NOK 26.00. After the transaction Bruheim has 1,460,302 shares and 610,000 options.
Svein T. Knudsen
40,000 shares at a subscription price of NOK 10.95 and 30,000 shares at a subscription price of NOK 26.00. After the transaction Knudsen has 74,227 shares and 200,000 options.
Svein Ellingsrud
20,000 shares at a subscription price of NOK 26.00. After the transaction Ellingsrud has 770,214 shares and 180,000 options.
Ståle Emil Johansen
15,000 shares at a subscription price of NOK 26.00. After the transaction Johansen has 526,214 shares and 130,000 options.
Odd Tjelta
10,000 shares at a subscription price of NOK 26.00. After the transaction Tjelta has 215,214 shares and 110,000 options.
An updated Company Certificate of Registration will be sent to OSE when received from the Register of business enterprises.
For further information, please contact:
Svein Knudsen, CFO, tel. +47 73 56 88 10