Spectrum ASA: Mandatory notification of trade
Reference is made to press releases dated 1 June 2015 regarding the acquisition by Spectrum ASA ("Spectrum" or the "Company") of Fugro's multi-client library and dated 2 June 2015 regarding closing of the books in a private placement to finance the acquisition (the "Private Placement").
The following primary insiders, and shareholders with board representation, in Spectrum have on 2 June 2015 been allocated shares in, and subject to completion of, the Private Placement to be resolved at the extraordinary general meeting on or about 23 June 2015 at a subscription price of NOK 32 as follows:
- Altor Invest 1 AS, has been allocated 1,500,232 shares in Spectrum in the Private Placement. Following completion of the Private Placement, Altor Invest 1 AS will hold a total of 8,000,232 shares in Spectrum. Altor Invest 1 AS is represented on the Board of Directors of Spectrum with Pål Stampe and Maria Tallaksen.
- Altor Invest 2 AS, has been allocated 1,500,232 shares in Spectrum in the Private Placement. Following completion of the Private Placement, Altor Invest 2 AS will hold a total of 8,000,232 shares in Spectrum. Altor Invest 2 AS is represented on the Board of Directors of Spectrum with Pål Stampe and Maria Tallaksen.
- Glen Rødland, Chairman of the Board of Spectrum ASA, has been allocated through his 100% owned company Corona Maritime Holding AS 434,889 of shares in Spectrum ASA in the Private Placement. Following completion of the Private Placement, Glen Rødland will through his 100% ownership in Corona Maritime Holding AS hold a total of 2,493,995 shares in Spectrum ASA.