Kværner ASA: Mandatory notification of trade primary insiders

15 August 2019

Mandatory notification of trade primary insiders.

15 August 2019 – The following primary insider has purchased shares in Kværner ASA:

Karl-Petter Løken, President & CEO in Kværner AS has yesterday Wednesday 14 August 2019 purchased 40 000 shares in Kværner ASA at a price of NOK 10.82. Following the transaction, Karl-Petter Løken holds 45 570 shares in Kværner ASA.

ENDS

Investor Relations:
Idar Eikrem, EVP & CFO, Kvaerner, Mob: +47 950 28 363, email: ir@kvaerner.com
(mailto:ir@kvaerner.com)

Insider trading officer:
Henrik Indaomi, SVP Corporate Support & General Counsel, Kvaerner, Mob.
+47 450 34 104, email: henrik.inadomi@kvaerner.com
(mailto:henrik.inadomi@kvaerner.com)

About Kvaerner:
Kvaerner is a leading provider of engineering, procurement and construction (EPC) services, and delivers offshore installations and onshore installations around the world. Kværner ASA, through its subsidiaries and affiliates (“Kvaerner”), is an international contractor and preferred partner for oil and gas operators and other engineering and fabrication contractors. Kvaerner and its approximately 2 800 HSSE-focused and experienced employees are recognised for delivering some of the world’s most amazing and demanding projects.

In 2018, Kvaerner’s Field Development segment had consolidated annual revenues of NOK 7.3 billion and the company reported an order backlog at 30 June 2019 of NOK 9 billion. Kvaerner is publicly listed with the ticker “KVAER” at the Oslo Stock Exchange. For further information, please visit www.kvaerner.com (http://www.kvaerner.com).

To subscribe or unsubscribe to our press releases, please see our web page:
http://www.kvaerner.com/subscribe

Related Articles

Kvaerner results up, dividend proposed

12 February 2020

Kvaerner’s results for the fourth quarter and for the full year 2019 ended at planned levels. Operating revenues for the last quarter were NOK 2 789 million for the Field Development segment, where also revenues from joint ventures are included.

Invitation to presentation of 4th quarter and annual results 2019

31 January 2020

Kværner ASA will publish its 4th quarter and annual results 2019 at the Oslo Stock Exchange on Wednesday 12 February 2020 at 07:00 CET.

CORRECTION- Kvaerner sells 1 430 429 shares to employees

23 January 2020

On the 26 November Nordea Markets sold on behalf of Kværner ASA 1 430 429 shares in relation with the company’s share purchase programme for employees. Following the transaction, Kværner ASA holds a total of 1 093 777 own shares. The price was based on the average volume weighted share price on Oslo stock exchange […]