Oslo, 12 July 2023: Reference is made to the implementation of BlueNord ASA’s («BlueNord» or the «Company») Long-Term Incentive Scheme (“LTI”) as announced on 19 September 2022.
Under the LTI programme an additional 87,637 BlueNord shares have been granted of which the BlueNord executive team has been allocated the following:
- Euan Shirlaw: granted a maximum of 11,488 shares, with total allocation of performance shares of maximum 41,680 shares under the LTI. In addition, Shirlaw has the right to receive 60,014 retention shares.
- Marianne Eide: granted a maximum of 7,236 shares, with total allocation of performance shares of maximum 26,128 shares under the LTI. In addition, Eide has the right to receive 26,406 retention shares in the Company and she owns 1,800 ordinary shares.
- Cathrine F. Torgersen: granted a maximum of 5,944 shares, with total allocation of performance shares of maximum 21,505 shares under the LTI. In addition, Torgersen has the right to receive 20,404 retention shares in the Company and she owns 2,200 ordinary shares.
- Jacqueline Lindmark Boye: granted a maximum of 6,211 shares, with total allocation of performance shares of maximum 10,506 shares under the LTI.
Vesting will occur over a three-year period, with the entitlement to and number of shares determined on an annual basis. See announcement on 19 September 2022 and the Executive Remuneration Report 2022 for further information about the terms of the LTI and the Retention Scheme.
This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation article 19 and Section 5-12 the Norwegian Securities Trading Act.
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Contact:
Cathrine Torgersen, EVP Investor Relations & ESG
Phone: +47 915 28 501
Email: cathrine.torgersen@bluenord.com