Aker Solutions Lets Employees Buy Company Shares

Oilfield services company Aker Solutions will, for the eighth consecutive year, offer employees in selected jurisdictions the opportunity to buy shares of the company.

The 2016 employee share purchase program allows participants to acquire shares for between $1229 (NOK 10,000) and $7374 (NOK 60,000). Participants are offered a general discount of $184 (NOK 1,500) on their total share purchase. In addition, a price reduction of 25 percent of the share price will apply in exchange for the purchased shares being subject to a three-year lock-up period.

The purchase will be financed by a loan from Aker Solutions to be settled by salary deductions over a twelve-month period. Aker Solutions will also offer selected managers the opportunity to buy additional shares worth as much as 25 percent of their annual base salary. As with the original offering, a price reduction of 25 percent of the share price will apply in exchange for the purchased shares being subject to a three-year lock-up period. The managers are responsible for the financing and upfront cash settlement of these purchases.

The subscription period for both programs is between October 28 and November 11. Invitations to participate will be distributed to eligible employees and managers around mid-October 2016.



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Eni: Oil, Gas Discovery in Norwegian S... (Jan 17)
 -  Tullow Finds Oil in Kenyan Erut-1 Well (Jan 17)
 -  Utgard, Byrding Field Development Plan... (Jan 17)
 -  E&P Consultants Earning 27% Less than ... (Jan 17)
 -  NextDecade Leases Texas City Site for ... (Jan 17)


Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Revenue Accounting Specialist
Expertise: Accounting
Location: Houston, TX
 
Location Manager I - Saybolt
Expertise: Business Development|Facilities Management|Surveying
Location: Texas City, TX
 
Cost Engineer
Expertise: Cost Engineer
Location: Pascagoula, MS
 
search for more jobs

Brent Crude Oil : $55.47/BBL 0.69%
Light Crude Oil : $52.48/BBL 0.30%
Natural Gas : $3.41/MMBtu 0.29%
Updated in last 24 hours