Veidekke ASA: Veidekke executives buy shares
(Thomson Reuters ONE) -
Some 413 senior executives in Veidekke have purchased 1.2 million shares for a
total of NOK 40 million. As a result, the employees now own 19.4 per cent of the
shares in the Group, worth a total of NOK 1.17 billion. "Co-ownership fosters
commitment, and we are thrilled that so many executives have chosen to buy
shares in the company," says incoming President and CEO of Veidekke Arne Giske.
"The fact that more than 400 senior executives have bought shares for an average
of more than NOK 100,000 each demonstrates their great confidence in Veidekke
going forwards and that they recognise the value of owning shares in the company
they work for. I am convinced that employee ownership is a highly motivating
factor, and it is a cornerstone of our corporate culture," said Giske.
"Twice a year, our employees are given the opportunity to buy Veidekke shares at
a discount, on the condition that they do not sell the shares for two or three
years. In the spring, the senior executives in the company are offered the
opportunity to buy shares, and in the autumn, the offer is extended to all
employees. This scheme helps ensure we remain a robust, profitable company with
loyal employees," says Giske.
The senior executives were offered the opportunity to purchase up to 5,000
shares each, with or without financial assistance, at a discount of 20 or 30 per
cent respectively. The shares are subject to a three-year lock-in period.
Illustration
For more information please contact:
Incoming President and CEO Arne Giske, tel. +47 21 05 50 00 / +47 90 58 95 26,
arne.giske(at)veidekke.no
SVP Finance Jørgen G. Michelet, tel. +47 21 05 77 22 / +47 91 74 38 56,
jorgen.michelet(at)veidekke.no
Communications Manager Helge Dieset, tel. +47 21 05 77 91 / +47 90 55 33 22,
helge.dieset(at)veidekke.no
Veidekke is one of Scandinavia's leading contractors and property developers
with a turnover of NOK 20 billion (2012) and 6,300 employees. Activities include
building and construction projects, residential developments, asphalt plants,
gravel and crushed stone and road services. Our values are professional, honest,
enthusiastic and ground-breaking. Our goals for health, safety and the
environment, HSE, have equal status with our financial goals. Veidekke is
characterised by a strong corporate culture with employee involvement and co-
ownership as important cornerstones. More than half of the employees are co-
owners, holding around 20 per cent of the Group's shares between them. The
company is listed on the Oslo Stock Exchange and has never declared a loss since
it was founded in 1936.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Veidekke ASA via Thomson Reuters ONE
[HUG#1709811]
Unternehmensinformation / Kurzprofil:
Datum: 17.06.2013 - 10:05 Uhr
Sprache: Deutsch
News-ID 270127
Anzahl Zeichen: 3550
contact information:
Town:
Oslo
Kategorie:
Business News
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