On 27 November 2013, Flakk Holding AS sold 6,000,000 shares in Hexagon Composites ASA at a price of NOK 24.50 per share. Flakk Holding AS simultaneously entered into a forward contract to buy back 6,000,000 shares at a future date. The said forward contract, which became due 20 February 2015, has today been extended to 20 May 2015 at a forward price of NOK 25.898 per share.
Flakk Holding AS is a company controlled by Mr. Knut Flakk, which is Chairman of Hexagon Composites ASA. Flakk Holding AS and its subsidiary Flakk Invest AS holds 40,115,988 shares in Hexagon Composites ASA which constitutes 30.10% of the total shares, but retain exposure to 46,115,988 shares which is equal to 34.60% of the shares in Hexagon Composites ASA when the forward contract is included.
For more information:
Flakk Holding AS, by Knut Flakk
Telephone: +47 997 46 000 | knut.flakk@flakk.no
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Hexagon Composites ASA : Mandatory notification of trade
| Source: Hexagon Composites ASA