Sandvika, 5 June 2025(OSE: NORCO): In connection with Norconsult ASA’s (the "Company") Employee Share Programs for 2025, 4 278 employees purchased a total of 1 783 023 shares. The share programs were substantially oversubscribed, hence the allocation of shares was reduced in order to meet the previously communicated cost frame for the program. The share programs include a program for discounted shares and matching shares, as well as programs for executive management and other key employees.
For discounted shares, the purchase price is equal to the volume-weighted average share price for the Company's shares on the Oslo Stock Exchange during the last ten trading days prior to, and including, the last day of the subscription period, 4 June 2025, with a discount of 20%.
For matching shares, the purchase price is equal to the volume-weighted average share price for the Company's shares on the Oslo Stock Exchange during the last ten trading days prior to, and including, the last day of the subscription period, 4 June 2025.
Employees participating in the matching share program will receive one matching share for each share purchased, provided they remain employed with the Company and holds their shares through the specified vesting period. Employees receive 4/10 shares after three years and 6/10 shares after five years. The matching share program for executive management and other key employees are subject to a two-year lock-up period with a 20% discount on the purchasing price.
A total of 3 962 participants purchased 1 027 394 shares at a price of NOK 37.02 per share.
A total of 3 143 participants purchased 755 629 shares at a price of NOK 46.28 per share.
The following primary insiders (PDMR) have been allocated the following number of shares on 4 June 2025 and received the following number of potential matching shares:
Egil Hogna, President and CEO, purchased 10 989 shares and has been allocated 5 365 matching shares. After the transaction, Egil Hogna and his close associates hold 1 161 612 shares in the Company.
Dag Fladby, CFO, purchased 4 551 shares and has been allocated 2 237 matching shares. After the transaction, Dag Fladby and his close associates hold 221 058 shares in the Company.
Bård Sverre Hernes, EVP Norway Head Office, purchased 4 402 shares and has been allocated 2 162 matching shares. After the transaction, Bård Sverre Hernes and his close associates hold 1 342 030 shares in the Company.
Farah Al-Aieshy, EVP Sweden, purchased 4 490 shares and has been allocated 2 218 matching shares. After the transaction, Farah Al-Aieshy and her close associates hold 176 861 shares in the Company.
Hege Njå Bjørkmann, EVP Communication and Brand 2 974 shares and has been allocated 1 442 matching shares. After the transaction, Hege Njå Bjørkmann and her close associates hold 149 729 shares in the Company.
Kathrine Duun Moen, EVP Technogarden, purchased 1 681 shares and has been allocated 1 681 matching shares. After the transaction, Kathrine Duun Moen and her close associates hold 113 993 shares in the Company.
Vegard Jacobsen, EVP Norway Regions, purchased 3 899 shares and has been allocated 1 832 matching shares. After the transaction, Vegard Jacobsen and his close associates hold 396 398 shares in the Company.
Håkon Bergsodden, EVP Renewable Energy, purchased 3 229 shares and has been allocated 1 561 matching shares. After the transaction, Håkon Bergsodden and his close associates hold 59 559 shares in the Company.
Jess Sørensen, EVP Denmark, purchased 2 030 shares and has been allocated 1 771 matching shares. After the transaction, Jess Sørensen and his close associates hold 10 167 shares in the Company.
Marisa Ruiz Retamar, EVP Human Resources, purchased 1 841 shares and has been allocated 892 matching shares. After the transaction, Marisa Ruiz Retamar and her close associates hold 70 103 shares in the Company.
Helge Hesjedal Wiberg, board member, purchased 259 shares. After the transaction, Helge Hesjedal Wiberg and his close associates hold 43 434 shares in the Company.
Lars-Petter Nesvåg, board member, purchased 518 shares and has been allocated 259 matching shares. After the transaction, Lars-Petter Nesvåg and his close associates hold 671 826 shares in the Company.
Sandra Kuru, board member, purchased 518 shares and has been allocated 259 matching shares. After the transaction, Sandra Kuru and her close associates hold 9 742 shares in the Company.
Maria Hjerppe, board member, purchased 518 shares and has been allocated 259 matching shares. After the transaction, Maria Hjerppe and her close associates hold 13 967 shares in the Company.
Oskar Hove Zimmer, board member, purchased 518 shares and has been allocated 259 matching shares. After the transaction, Oskar Hove Zimmer holds 5 069 shares in the Company.
Maria Brubak Melby, close associate of Oskar Hove Zimmer, purchased 518 shares and has been allocated 259 matching shares. After the transaction, Maria Brubak Melby holds 2 513 shares in the Company.
Sigri Rosø Pladsen, deputy board member, purchased 172 shares and has been allocated 86 matching shares. After the transaction, Sigri Rosø Pladsen and her close associates hold 6 382 shares in the Company.
Rasmus Feddersen, deputy board member, purchased 259 shares. After the transaction, Rasmus Federsen and his close associates hold 259 shares in the Company
Carlos Alvarez, deputy board member, purchased 172 shares. After the transaction, Carlos Alvarez and his close associates hold 2 747 shares in the Company
Åsulv Reppesgård, deputy board member, purchased 518 shares and has been allocated 259 matching shares. After the transaction, Åsulv Reppesgård and his close associates hold 8 160 shares in the Company.
Sverre Hødnebø, general counsel, purchased 560 shares and has been 388 matching shares. After the transaction, Sverre Hødnebø and his close associates hold 6 311 shares in the Company.
Sylvia Teige, director group finance, purchased 1 368 shares and has been allocated 1 109 matching shares. After the transaction, Sylvia Teige and her close associates hold 186 278 shares in the Company.
The shares were acquired from Norconsult’s holding of own shares. After the transactions the company holds 7 323 512 shares.
See details about the transactions for the primary insiders and their close associates reported to Finanstilsynet enclosed.
For further information, please contact:
Investors: Christian Salbu Aasland, SVP Investor Relations & Business Intelligence, IR@norconsult.com
Media: Henrik Charlesen, Senior Communication Advisor, Henrik.Charlesen@norconsult.com
This information is subject to the disclosure requirements in the Market Abuse Regulation article 19 and section 5-12 of the Norwegian Securities Trading Act.
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About Norconsult
Norconsult is a leading pan-Nordic interdisciplinary consulting firm combining engineering, architecture and digital expertise across projects of all sizes, for private and public customers in infrastructure, energy and industry, buildings and architecture. Headquartered in Sandvika, Norway, Norconsult’s delivery model is centred around knowledge hubs and local presence through approximately 6,600 employees across more than 140 offices in Norway, Sweden, Denmark, Iceland, Poland and Finland.