Reference is made to the stock exchange announcement published by SATS ASA
("SATS" or the "Company", OSE ticker "SATS") earlier today, on March 29, 2023,
regarding the result of the new share investment programme for senior executives
and certain other key employees (the "New Share Investment Program").
Certain close associates of primary insiders of the Company have applied for,
and been allocated, shares in the New Share Investment Program. Parts of their
investment in the New Share Investment Program will be debt financed through a
loan issued by the Company, subject to approval by the 2023 annual general
meeting expected to be held on May 31, 2023. See details below and in the
attached forms.
o Gravir Invest AS, a close associate of Sondre Gravir (CEO), has been allocated
393,660 shares in the Company in the New share Investment Program and has
committed to pledge the same number of shares in the Company.
o Moneypenny Invest AS, a close associate of Cecilie Elde (CFO), has been
allocated 196,830 shares in the Company in the New share Investment Program and
has committed to pledge the same number of shares in the Company.
o Evert Holding AS, a close associate of Wenche Evertsen (Country Manager
Norway), has been allocated 39,366 shares in the Company in the New share
Investment Program and has committed to pledge the same number of shares in the
Company.
o Silje Ree Invest AS, a close associate of Silje Ree (Chief Product Officer),
has been allocated 590,490 shares in the Company in the New share Investment
Program and has committed to pledge the same number of shares in the Company.
o Marianne Orderud AS, a close associate of Marianne Orderud (Chief Marketing
Officer), has been allocated 147,622 shares in the Company in the New share
Investment Program and has committed to pledge the same number of shares in the
Company.
o Skogstua Invest AS, a close associate of Gaute Sandal (Chief Digital Officer),
has been allocated 295,245 shares in the Company in the New share Investment
Program and has committed to pledge the same number of shares in the Company.
o Canela II AS, a close associate of Torodd Gøystdal (Chief People & Operations
Officer and acting Country Manager Sweden), has been allocated 738,113 shares in
the Company in the New share Investment Program and has committed to pledge the
same number of shares in the Company.
The transactions are notifiable pursuant to Article 19 of the Market Abuse
Regulation.
The disclosures set out in this announcement are subject to the disclosure
requirement pursuant to section 5-12 of the Norwegian Securities Trading Act.
