At the annual general meeting on June 7, 2006, the Board of Directors was authorised to issue options to subscribe shares in the Company to employees and members of the Board. Of the options to subscribe for 4,500,000 shares, a total of 2,500,000 were reserved for the exclusive allocation to members of the Board.
The strike price for the options to the members of the Board has been set in accordance with the authorisation given by the AGM to the weighted average of the Company's share price as traded on the Oslo Stock Exchange during the last two days before the AGM and the day the AGM was held. This price is determined to be NOK 53,41 per share.
The Board at its meeting today allocated options to subscribe for 1,500,000 shares in the Company.
Arne Blystad, Chairman of the Board, and Jon Chr. Syvertsen and Gunnar Hvammen, members of the Board, have each been allocated options to subscribe for 500,000 shares in the Company.
Arne Blystad's other holdings and interests in the Company were spelt out in the 30 August 2006 insider transaction notification.
Jon Chr. Syvertsen holds through Adrian Shipping AS 395,000 warrants and 82,212 shares in the Company in addition to the allocated options.
Gunnar Hvammen holds through Lauvheim Holding AS, 200,000 warrants and 1,100,000 shares in the Company in addition to the allocated options.
All options described above are exercisable anytime until 31 December 2007.
Oslo, 20 September 2006 Board of Directors Songa Offshore ASA
Viðskiptablaðið er 25 ára og af því tilefni býðst nýjum áskrifendum að kaupa áskrift á 50% afslætti.
Afmælisverðið er aðeins 2.500 krónur.
Tilboðið er fyrir nýja áskrifendur. Núverandi áskrifendur geta bætt við sig áskrift á þessu verði. Gildir í 4 mánuði. Áskrifendur fá Viðskiptablaðið, Frjálsa verslun og Fiskifréttir sent ásamt vefaðgangi að vb.is og fiskifrettir.is