Oslo, 11 August 2024: Reference is made to the stock exchange notices of 12 July
2023 and 4 December 2024 regarding grant of performance shares under the Long
-Term Incentive Scheme ("LTI") of BlueNord ASA ("BlueNord" or the "Company") as
first announced on 19 September 2022.
The second award of performance shares under the LTI program has been made
today, and the Company's board of directors has resolved to issue a total of
14,444 new shares in the Company to be delivered to the participants in the LTI
program, at a subscription price of the nominal value of NOK 0,5398295 per
share, pursuant to the authorization to the board to issue new shares as granted
by the Company's annual general meeting on 14 May 2024.
The following members of the Executive Management of the Company have today been
allocated the following number of shares under the LTI program:
· Euan Shirlaw, Chief Executive Officer, was awarded 3,099 shares. Following
this award, Euan Shirlaw owns a total of 7,096 shares in the Company. In
addition, Shirlaw has the right to receive maximum up to 15,096 shares in the
Company under the LTI program and 60,014 retention shares in the Company.
· Jacqueline Lindmark Boye, Chief Financial Officer, was awarded 403 shares.
Following this award, Jacqueline Lindmark Boye owns a total of 955 shares in the
Company. In addition, Boye has the right to receive maximum up to 2,147 shares
in the Company under the LTI program.
· Miriam Lykke, Chief Operating Officer, was awarded 609 shares. Following
this award, Miriam Lykke owns a total of 1,017 shares in the Company. In
addition, Lykke has the right to receive maximum up to 3,383 shares in the
Company under the LTI program.
· Cathrine Torgersen, Chief Corporate Affairs Officer, was awarded 1,533
shares. Following this award, Cathrine Torgersen owns a total of 5,715 shares in
the Company. In addition, Torgersen has the right to receive maximum up to 7,781
shares in the Company under the LTI program and 20,404 retention shares in the
Company.
The number of vested shares applicable for the award constitutes 25% of the
total number of granted performance shares as announced by the Company on 19
September 2022 to each of the primary insiders. The award is adjusted for the
KPI performance applicable for the 2022 LTI program and the shares are awarded
net of tax based on the share price of NOK 499.50 at the time of award.
Future grants and awards of shares made under the LTI-program shall be announced
if and when made.
Please see attached primary insider notification forms in accordance with the
Market Abuse Regulation article 19.
This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.
***
Contact:
Cathrine Torgersen, Chief Corporate Affairs Officer
Phone: +47 915 28 501
Email: cathrine.torgersen@bluenord.com
About BlueNord ASA
BlueNord is a strategically important European oil and gas company that
specialises in producing and developing energy resources, and in activities
which support the energy transition. The Company operates in the Danish North
Sea with a 36.8 percent interest in the Danish Underground Consortium (DUC).
BlueNord is listed on the Oslo Stock Exchange and trades under the ticker
"BNOR". For further information, please visit: www.bluenord.com.