1. Participants in the Company's share option program have on 24 April 2013 exercised a total number of 1,084,750 options.
Based on the power of attorney granted at the annual general meeting of SPU on 22 May 2012, the Board has approved a share issue of 1,084,750 shares, each with a face value of NOK 1.0 per share at the option price of NOK 8.99 for 600,000 of the new shares, NOK 11.81 per share for 404,500 of the new shares, NOK 23.59 per share for 45,000 of the new shares, NOK 23.72 for 25,000 of the new shares, NOK 17.35 for 4,500 of the new shares, NOK 27.44 for 3,750 of the new shares and NOK 12.10 for 2,000 of the new shares. As a result, the share capital will be increased by NOK 1,084,750 from NOK 39,122,653 to NOK 40,207,403. The number of shares after the issue is 40,207,403.
2. Options exercised by primary insiders on 24 April 2013:
- Richmond Miller - 105,000 options at NOK 11.81 per share
- David Rowlands - 20,000 options at NOK 11.81 per share
- Andrew Cuttell - 17,500 options at NOK 11.81 per share
- Graham Dearing - 2,000 options at NOK 11.81 per share
- Jan Schoolmeesters - 192,500 options at NOK 11.81 per share
- Hege Buer - 2,000 options at NOK 12.10 per share
- Rune Eng - 600,000 options at NOK 8.99 per share
- Henning Olset - 60,000 options at NOK 11.81 per share
- Svein Staalen - 45,000 options at NOK 23.59 per share
3. Transfer of rights
On 24 April 2013, the primary insiders listed above transferred their rights to receive shares resulting from the exercise of the options to a third party. The sales amount will be finally determined on the basis of the price subsequently obtained by the third party when selling the shares in the market. Final compensation for the transferred rights will be reported to Oslo Børs when known.
4. Purchase of shares
On 24 April 2013, the primary insider Richmond Miller entered into an agreement to use part or all of the compensation mentioned in item 3 to purchase shares. When known, the final number of shares, along with the compensation, will be reported to Oslo Børs.
5. New holdings
After exercising options, the primary insiders listed in item 2 have the following holdings:
- Richmond Miller - 195,000 options at NOK 11.81 per share, and 15,000 shares in the Company
- David Rowlands - 65,000 options at NOK 11.81 per share, and 90,000 shares in the Company
- Andrew Cuttell -32,500 options at NOK 11.81 per share, and 3,000 shares in the Company
- Graham Dearing - 6,500 options at NOK 11.81 per share, and 1,500 shares in the Company
- Jan Schoolmeesters - 455,000 options at NOK 11.81 per share, and 10,000 shares in the Company
- Hege Buer - 6,500 options at NOK 12.10 per share
- Rune Eng - 1,950,000 options at NOK 8.99 per share, and 35,000 shares in the Company
- Henning Olset - 195,000 options at NOK 11.81 per share
- Svein Staalen - 255,000 options at NOK 23.59 per share
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.