Scatec ASA: Long term incentive programme
January 03 2024 - 2:02AM
Scatec ASA: Long term incentive programme
Oslo, 3 January 2024: In line with the terms adopted by the
Annual General Meeting of Scatec ASA in 2023, the Board of
Directors continue the share-based incentive programme for leading
employees of the company, following the same principles as previous
years. Today, a total of 1,514,263 share options were granted to
leading employees, including the following primary insiders:
Terje Pilskog, CEO: 59,516
Hans Jakob Hegge, CFO: 54,105
Mohamed Amer, EVP Green Hydrogen & Egypt: 31,842
Eliseo Ana, EVP Asia: 41,240
Jan Fourie, EVP Sub-Saharan Africa: 28,053
Roar Haugland, EVP People, Sustainability & Digitalisation:
33,054
Pål Helsing, EVP Solutions: 38,022
Ann-Mari Lillejord, EVP Latin America & Europe: 32,463
Siobhan Minnaar, EVP General Counsel: 30,917
Pål Strøm, EVP Operations & Maintenance: 30,917
Andreas Austrell, VP Investor Relations: 14,045
Each share option gives the right to subscribe for and be
allotted one share in Scatec ASA. The strike price of the options
is set to NOK 79.47 per share based on the volume weighted average
share price over the ten last trading days preceding the grant date
of 3 January 2024. The options will lapse if not exercised by 1
January 2028. The option grant is divided into three tranches
whereby 1/3 vests each year over three years, with the first
tranche vesting 1 January 2025. The current grant is the second of
three contemplated annual grants of share options in accordance
with Scatec’s share-based incentive programme.
Attached is the notification of the transactions in accordance
with the Market Abuse Regulation Article 19, and an overview of the
primary insiders’ total numbers of share options.
For further information, please contact:Andreas Austrell, VP
Investor Relations tel: +47 974 38 686, email:
andreas.austrell@scatec.com
About Scatec Scatec is a leading
renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a
long-term player, we develop, build, own, and operate renewable
energy plants, with 4.3 GW in operation and under construction
across four continents today. We are committed to grow our
renewable energy capacity, delivered by our passionate employees
and partners who are driven by a common vision of ‘Improving our
Future’. Scatec is headquartered in Oslo, Norway and listed on the
Oslo Stock Exchange under the ticker symbol ‘SCATC’. To learn
more, visit www.scatec.com or connect with us
on LinkedIn.
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
- 240103 - Notifications of transactions
- 240103 - Overview of shares and options held by primary insider
in the company
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