Multiconsult Investor Relations > The share > Stock Market Announcement > Share loan agreement in connection to employee share purchase programme

Share loan agreement in connection to employee share purchase programme

Multiconsult ASA (OSE: MULTI) announced on 19. September 2022 to repurchase of up to 500 000 of its ordinary shares in the market in connection with its employee share purchase programme in 2022. As the company have not acquire a sufficient number of shares in the market to meet the demand from its employees, Multiconsult entered into a share loan agreement with its largest shareholder Stiftelsen Multiconsult to assist the company in meeting this demand. The deal was entered into on 5 December 2022 for a loan of 230 000 Multiconsult shares.

5. December 2022

In consideration for the share loan, Multiconsult shall pay to Stiftelsen Multiconsult an amount corresponding to 2.76% p.a. based on 230 000 shares at a value of NOK 137.00 per share. Multiconsult will deliver the full amount of shares back to Stiftelsen Multiconsult no later than six months from the date of agreement. Stiftelsen Multiconsult considers Multiconsult’s employee share purchase programme to be an important incentive for the employees and hence of value for the company.

For further information, please contact:

Investor relations:
   Pål-Sverre Jørgensen, Group Treasurer & Investor Relation Officer
   Phone: +47 416 11 161
   E-mail: ir@multiconsult.no / psmj@multiconsult.no

Media:
   Gaute Christensen, VP Communications
   Phone: +47 911 70 188
   E-mail: gaute.christensen@multiconsult.no   

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.