The exercise price of the SRs is NOK 1.08 per share. 25 per cent of the SRs vest at each anniversary from the date of the grant. The SRs expire on 6 May 2014.
Morten Opstad, chairman, received 250,000 subscription rights ("SRs"). Mr. Opstad received the SRs in his capacity of providing services to the company beyond the duty of chairing the board of directors. Following the transaction, Mr.
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