The Board of Directors of AF Gruppen ASA (AFG) has decided to go
through with the Company's share purchase program for employees.
543 employees have subscribed a total of 1,000,000 shares. The
shares are subscribed at a price of NOK 115.80 per share, which
corresponds to a 20 per cent discount compared to the average market
price during the subscription period.
In connection with this, the Board has decided to sell 221,112 of
the Company's own shares. The Company's holding of own shares after
this transaction will be 0 shares.
The Board has also decided to issue 778,888 shares towards Company
employees, in accordance with the Power of Attorney given by the
General Assembly 12 May 2017.
The Company's share capital will increase by NOK 38,944.40 after the
issue of 778,888 shares with a nominal value of NOK 0.05 per share.
When the share issue is completed, the number of shares in AF
Gruppen ASA will be 97,961,000. New share capital in AF Gruppen ASA
will be NOK 4,898,050.
The sale and issue of shares is expected to be completed October
A new certificate of registration will be submitted to Oslo Stock
Exchange when it is available.