Reference is made to the stock exchange announcement published by SATS ASA
("SATS" or the "Company") on 1 October 2020, regarding the expansion of the
Company's share investment program (the "Share Investment Program") by way of an
additional investment of NOK 1,750,000 by the Company's CEO, Sondre Gravir.
The offer price (before discount) for the shares to be acquired by Sondre Gravir
under the Share Investment Program is set at NOK 17.98, which equals the
volume-weighted average share price for the Company's shares on the Oslo Stock
Exchange during the 10 trading days from and including 23 September 2020. The
offer price after discount is thus NOK 14.38.
Based on this, the number of shares to be acquired by Sondre Gravir is 95,952.
Following completion of the transaction, Sondre Gravir will hold 425,377 shares
in the Company, in addition to the shares held by him in SATS Management Invest
AS, which owns 9,376,376 shares in the Company, corresponding to approximately
5.5% of the shares in the Company.
For further information, please contact:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Finance and Investor Relations Manager, phone: +47 986 99 259
