Exciting Developments in Scatec ASA's Share Purchase Program
Overview of Employee Share Purchase Programme
Scatec ASA is excited to announce the continuation of its Employee Share Purchase Programme, originally established in 2019. This initiative allows employees to invest in the company by purchasing shares at a favorable rate, significantly enhancing their engagement and connection with Scatec’s mission.
Details of Share Subscription
Under this programme, employees can purchase shares with subscription values ranging from NOK 10,413 to NOK 104,128. To encourage participation, participants are offered a 25 percent discount on the subscription price, contingent upon a two-year lock-up period for the shares. This ensures that the employees have a long-term stake in the company’s growth and future.
Subscription Period Information
The subscription period is set to run from 16 June to 25 June 2025, enabling employees a full window to make their investments. The price per share will be determined based on the average volume-weighted share price on the Oslo Stock Exchange, calculated over the last five trading days of the subscription period. This process creates a fair pricing mechanism that reflects the market conditions at that time.
Process of Share Allocation
Once the subscription period concludes, Scatec ASA will conduct share allocations by the end of June 2025. This well-organized method ensures that all participants receive their shares promptly, further reinforcing their involvement in the company’s future.
DNB's Role in the Programme
DNB will manage the purchase of Scatec ASA shares in the open market on behalf of the company. This initiative allows participants to benefit from professionally managed transactions, ensuring that the process runs smoothly and efficiently.
About Scatec ASA
Scatec stands as a prominent player in the renewable energy sector, dedicated to expanding access to clean and affordable energy across emerging markets. With a strong focus on sustainable solutions, Scatec develops, builds, owns, and operates renewable energy plants. Currently, the company operates and is constructing a total of 6.2 GW of energy across five continents, demonstrating its commitment to renewable energy.
At the heart of Scatec is a passionate team committed to a shared vision of 'Improving our Future.' Headquartered in Oslo, Norway, Scatec ASA is publicly listed on the Oslo Stock Exchange under the ticker symbol 'SCATC.' For further information about Scatec and its initiatives, individuals are encouraged to connect with the company through their official channels.
Contact Information
For any inquiries regarding the Employee Share Purchase Programme, please reach out to:
Andreas Austrell, SVP IR
andreas.austrell@scatec.com
+47 974 38 686
Frequently Asked Questions
What is the Employee Share Purchase Programme?
The Employee Share Purchase Programme allows employees to buy shares at a reduced price, fostering a sense of ownership.
How long is the subscription period for 2025?
The subscription period runs from 16 June to 25 June 2025, giving employees ample time to participate.
What discount do employees receive?
Employees are offered a 25 percent discount on the subscription value, encouraging them to invest.
Who manages the share purchases?
DNB will handle the share purchases in the open market for Scatec ASA, ensuring professionalism and efficiency.
How does Scatec ASA contribute to renewable energy?
Scatec ASA is dedicated to providing clean and affordable energy solutions, with extensive projects globally, highlighting its commitment to sustainability.
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