Aker Solutions Employees Buy Shares in the Company
Aker Solutions employees have bought shares worth $4.6 million as part of annual program for staff and managers.
The company, for the eighth consecutive year, held share purchase programs to encourage employee ownership. About 900 employees, or 10 percent of eligible staff, participated.
Eligible staff could buy Aker Solutions shares for as much as $6,900 each. The shares were offered at a 25 percent reduction on the market price and a fixed one-off discount. A group of senior managers were also offered the chance to buy additional shares for as much as 25 percent of each individual's salary. These were also at a 25 percent price reduction.
Aker Solutions ASA sold a total of 938,357 own shares in connection with the programs, leaving the company with 508,954 own shares. Acquired shares are subject to a three-year lock-up during which employees will not be able to sell the shares.
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