Bouvet completes employee share programs, treasury share sale

Bouvet ASA has finalized its employee share purchase program, selling treasury shares to cover allocations decided by the board. The ordinary employee program saw 1,856 participants subscribe to 475,537 shares at NOK 46.0150 per share, a 20 percent discount to the average market price. Additionally, 185 leading employees subscribed to 70,330 shares at NOK 57.5534 per share, without a discount.

In conjunction with these programs, Bouvet ASA also allocated 335,180 bonus shares, free of charge, to participants of its 2022 share purchase program. To facilitate these combined allocations, the board has resolved to sell a total of 881,047 of the company's own shares.

Following this sale, Bouvet ASA's holding of treasury shares will be reduced to 437,585. The company anticipates the share sale will be fully completed by December 4, 2025.