Insider trade

Reference is made to the press release on 30 November 2022, announcing that Eqva ASA’s ("Eqva" or the “Company”) Board of Directors had approved the allocation of the employee incentive scheme. On 27 February 2024, the Board of Directors approved an extension of the incentive scheme for 2025 – 2027. The share options were approved with a strike price of NOK 2.93. The strike price was calculated based on the last 20 days in advance of the decision by the board.

As a result, a total of 1,860,000 new share options were granted on 5 December 2024. Share options have been granted to the following primary insiders:

Even Matre Ellingsen, CEO EQVA, has been granted 100,000 share options. Following the grant, Ellingsen holds a total of 2,700,000 share options in the Company.

Petter Sørdahl, CFO EQVA, has been granted 100,000 share options. Following the grant, Sørdahl holds a total of 100,000 share options in the Company.

Daniel Molvik, Head of Strategy and Business Development in EQVA, has been granted 100,000 share options. Following the grant, Molvik holds a total of 100,000 share options in the Company.

Sverre Olav Handeland, General Counsel in EQVA, has been granted 100,000 share options. Following the grant, Handeland holds a total of 200,000 share options in the Company.

Ask Haukaas, Business Developer in EQVA, has been granted 100,000 share options. Following the grant, Haukaas holds a total of 100,000 share options in the Company.

Erik Høyvik, CEO EQVA Finance & Analytics, has been granted 100,000 share options. Following the grant, Høyvik holds a total of 200,000 share options in the Company.

Trygve Kjerpeseth, CEO Nordic Industrial Solutions & BKS, has been granted 100,000 share options. Following the grant, Kjerpeseth holds a total of 200,000 share options in the Company.

Anders Nilsen, CEO Fossberg Kraft, has been granted 100,000 share options. Following the grant, Nilsen holds a total of 100,000 share options in the Company.

Ellen Hanetho, Chair of the Board, has been granted 100,000 share options. Following the grant, Hanetho holds a total of 166,667 share options in the Company.

Anne Bruun-Olsen, Board Member, has been granted 100,000 share options. Following the grant, Bruun-Olsen holds a total of 166,667 share options in the Company.

Tore Thorkildsen, Board Member, has been granted 100,000 share options. Following the grant, Thorkildsen holds a total of 100,000 share options in the Company.

Tomasz Wesierski, Board Member (employee representative), has been granted 40,000 share options. Following the grant, Wesierski holds a total of 40,000 share options in the Company.

Kari Markhus, Board Member (employee representative), has been granted 40,000 share options. Following the grant, Markhus holds a total of 40,000 share options in the Company.

The vesting periods for the share options are from 2025 to 2027 and the strike price is adjusted in the following way:
- Exercise in January 2025: Basis Strike
- Exercise in January 2026: Basis Strike * 1.10
- Exercise in January 2027: Basis Strike * 1.21

See attachment for further details about the grant of options to each primary insider.

Following the grant, the total number of outstanding options in Eqva are 5,213,334. The share option program encompasses up to 7.5% of total issued shares fully diluted.


For more information, please contact:
Even Matre Ellingsen, Chief Executive Officer: + 47 990 05 500


Eqva ASA in brief
Eqva ASA is a knowledge-based active owner of engineering, construction and service companies that contribute to the green transition in maritime, power intensive and renewable industries.

The group has a well-diversified product and market portfolio, and further growth will be established through a combination of company-based development, utilization of synergies between the companies in the group as well as value-creating M&A activities.

Key companies in the group are BKS, Kvinnherad Elektro, Vassnes Group and Fossberg Kraft, each building on decades of experience and widely recognized by clients in a broad range of industries.

Read more on www.eqva.no


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