Polarcus Insiders Scoop up Shares

Posted by Greg Trauthwein October 7, 2014

Polarcus Alima. (Photo: Polarcus)

Polarcus announced that the following Primary Insiders of Polarcus have acquired shares in the Company:
-    Peter Rigg, Chairman of the Board, has on 07 October 2014 acquired 150,000 shares at a price of NOK 1.40 per share. Following the transaction he owns 434,880 shares.
-    Hege Sjo, board member, has on 07 October 2014 acquired 111,429 shares at a price of NOK 1.40 per share. Following the transaction she owns 461,309 shares.
-    Tore Karlsson, board member, has on 07 October 2014, through his wholly owned company Kepelia Enterprises Company Limited, acquired 100,000 shares at a price of NOK 1.40 per share. Following the transaction he owns 605,814 shares.
-    Rolf Rønningen, CEO, has on 07 October 2014 acquired 150,000 shares at a price of NOK 1.40 per share. Following the transaction he owns 1,200,800 shares.
-    Tom Henrik Sundby, CFO, has on 07 October 2014 acquired 125,000 shares at a price of NOK 1.40 per share. Following the transaction he owns 575,000 shares.
-    Eirin Martha Inderberg, General Counsel, has on 07 October 2014 acquired 100,000 shares at a price of NOK 1.40 per share. Following the transaction she, and close associates, own 890,000 shares.
-    Paul Lionel Hanna, SVP Human Resources, has on 07 October 2014 acquired 1,026,000 shares at a price of NOK 1.40 per share. Following the transaction he owns 2,000,000 shares.
-    Christian D.G. Fenwick, SVP Corporate Marketing, has on 07 October 2014 acquired 40,000 shares at a price of NOK 1.40 per share. Following the transaction he owns 416,000 shares.
The Company has allocated shares that will be issued following a resolution by an extraordinary general meeting of the Company ("EGM") to increase the authorized share capital. The following Primary Insiders of Polarcus have been allocated such shares:
-    Carl-Gustav Zickerman, board member, has on 07 October 2014, through his wholly owned company Zickerman Holding Ltd, been allocated 9,291,000 shares at a price of NOK 1.40 per share which will be issued subject to the EGM increasing the authorised share capital. Following such resolution he will own 49,862,476 shares in the Company.
-    Carl Peter Zickerman, Executive VP and Head of Strategic Investments, has on 07 October 2014, through his wholly owned company Zickerman Group Ltd, been allocated 7,316,663 shares at a price of NOK 1.40 per share which will be issued subject to the EGM increasing the authorised share capital. Following such resolution he will own 30,264,744 shares in the Company.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)