Akastor Awards Discounted Locked-Up Shares to Management and Staff Under Variable Pay Scheme

Akastor ASA ( (AKKVF) ) has provided an update.

Akastor ASA has granted 252,387 shares to employees under its variable pay program to those who opted for share-based remuneration, with the allocation price set at a discount to the company’s recent average volume-weighted share price on Euronext Oslo Børs due to a two-year lock-up period. The transaction increases key executives’ holdings – including CEO Karl Erik Kjelstad, CFO Øyvind Paaske and EVP & General Counsel Eirik Thomassen – and leaves Akastor holding 1,189,482 treasury shares, underscoring the company’s continued use of equity-based incentives to align management and employee interests with shareholders under market abuse and securities disclosure regulations.

More about Akastor ASA

Akastor ASA is a Norway-based oil-services investment company with a portfolio of industrial holdings and other energy-related investments, operating under a flexible mandate for active ownership and long-term value creation in the oilfield services sector.

YTD Price Performance: 5.58%

Average Trading Volume: 136,489

Current Market Cap: NOK3.19B

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