Solon Eiendom ASA - Share option grant to CEO
(Oslo, Norway, 23 December 2016) The share capital increase pertaining to New Private Placement Shares has now been registered in the Norwegian Register of Business Enterprises.
Solon Eiendom ASA
STOCK EXCHANGE ANNOUNCEMENT
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES
Solon Eiendom – Share capital increase registered
The Board of Directors of Solon Eiendom ASA ("Solon" or the "Company", ticker "SOLON") has granted the chief executive officer, Andreas Martinussen, options to acquire 150,000,000 new shares in Solon. The options vest in three tranches with 1/3 per tranche the first, second and third anniversary after grant at strike price of NOK 0.18, 0.20 and 0.22, respectively. All options expire 01 March 2021. Subsequent to the option grant, Martinussen holds 150,000,000 options, each giving the right to acquire one share in Solon, and 133,333,333 shares in Solon. Shares held by Martinussen are held through John Galt Invest AS. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Chairman of the Board, Solon Eiendom ASA
Cell Phone: +47 918 86 886
About Solon Eiendom
Solon Eiendom is a Norwegian residential real estate development company focusing on the Oslo and Akershus region. Solon Eiendom was established in 2006 by founder Simen Thorsen and investor Tore Aksel Voldberg. The company has since its incorporation delivered 570 units with a corresponding sales value of close to NOK ~3 billion and sold more than 800 units with a total sales price of more than NOK ~4 billion.
Announcement in pdf