Notification of transaction pursuant to section 4-1 ov the Securities trading act
(Thomson Reuters ONE) - Stavanger, 25 January 2010: Norwegian Energy Company ASA (Noreco -OSE:NOR),Pursuant to the incentive scheme for the employees in Noreco, approved at thegeneral meeting held 27 May 2009, bonus for 2009 has been paid out to theemployees.According to the incentive scheme, the employees may purchase Noreco sharesrepresenting up to 50% of their bonus, at market price. Furthermore, certain ofthe employees are entitled to shares as part of a pension arrangement under theincentive scheme.As a result of this, the board of directors of Noreco has approved a capitalincrease of NOK 1.873.271,10 by issuing 604 281 shares. The shares will beissued following registration of the share capital increase in the Register ofBusiness Enterprises.The following primary insiders in Noreco have subscribed for sharesunder the incentive scheme for employees:- Scott Kerr has 22 January 2010 subscribed for 50 338 shares in Noreco at NOK19,65 per share. Balance after transaction: 1 745 626 shares.- Rune Martinsen has 22 January 2010 subscribed for 27 254 shares in Noreco atNOK 19,65 per share. Balance after transaction: 715 339 shares- Jan Nagell has 22 January 2010 subscribed for 27 913 shares in Noreco at NOK19,65 per share. Balance after transaction: 89 963 shares- Thor Arne Olsen has 22 January 2010 subscribed for 42 394 shares in Noreco atNOK 19,65 per share. Balance after transaction: 1 327 128 shares- Stig Fr?and has 22 January 2010 subscribed for 26 641 shares in Noreco atNOK 19,65 per share. Balance after transaction: 90 160 shares.- Birte N Borrevik has 22 January 2010 subscribed for 29 266 shares in Noreco atNOK 19,65 per share. Balance after transaction: 181 995 shares.- Einar Gjelsvik has 22 January 2010 subscribed for 12 948 shares in Noreco atNOK 19,65 per share. Balance after transaction: 100 183 shares.- Lars Fosvold has 22 January 2010 subscribed for 22 862 shares in Noreco at NOK19,65 per share. Balance after transaction: 110 067 shares.Malin E Flor Helgesen has 22 January 2010 subscribed for 2 185 shares in Norecoat NOK 19,65 per share. Balance after transaction: 43 247 shares.For further information, please contact:Einar Gjelsvik, Vice President Investor Relations (+47 992 83 856)This information is subject of the disclosure requirements acc. to §5-12 vphl(Norwegian Securities Trading Act)[HUG#1376536]
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Datum: 25.01.2010 - 02:32 Uhr
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