Endúr ASA – Employee share purchase program, share capital increase and mandatory notifications of trade
Reference is made to Endúr ASA's (the "Company") annual general meeting held on 20 May 2025, where the Company's board of directors was granted an authorisation to increase the Company's share capital by issuing new shares in the Company for general corporate purposes.
The Company has executed an employee share purchase program for 2026 ("ESPP2026"), with a subscription period from 19 January 2026 to 30 January 2026, and is pleased to announce that it received applications from the group's employees to purchase subscribe for up to a total of 496,894 new shares at a share price of NOK 74.72929 per share (the "Subscription Price").
All permanent employees and board members have been given the opportunity to subscribe shares in the Company at a discount, for the amount of either NOK 16,000, NOK 48,000, NOK 160,000 or NOK 320,000 in the Company (after discount). The Subscription Price per share of NOK 74.72929 is based on the volume-weighted average closing price of the Company's share during the application period reduced by a discount of 20%. The new shares are subject to 6 months lock-up.
The following primary insiders of the Company have been allocated shares under the ESPP2026 at the Subscription Price:
– Pål Reiulf Olsen (Chairman of the Board), has been allocated 4,282 shares. Following the transaction, Pål Reiulf Olsen holds 165,681 shares in the Company.
– Jeppe Raaholt (CEO), acting through Råbjørn AS, has been allocated 4,282 shares. Following the transaction, Jeppe Raaholt holds 325,139 shares and 680,000 share options in the Company.
– Einar Olsen (CFO), acting through Red Devil Holding AS, has been allocated 4,282 shares. Following the transaction, Einar Olsen holds 98,282 shares and 450,000 share options in the Company.
– Hanne Snipen (CAO), has been allocated 2,141 shares. Following the transaction, Hanne Snipen holds 12,706 shares and 10,000 share options in the Company.
– Elisabet Mørk (Økonomisjef), has been allocated 2,141 shares. Following the transaction, Elisabet Mørk holds 11,056 shares and 10,000 share options in the Company.
Please see the attached forms for further details about the transactions.
Following completion of the ESPP2026, based on the applications received from the employees and pursuant to the authorisation granted by the Company's general meeting, the board has resolved to increase the Company’s share capital by NOK 248,447 by issuing 496,894 new shares, each at a nominal value of NOK 0.50, at a Subscription Price of NOK 74.72929 per share. Following registration of the new share capital, the Company will have a share capital of NOK 25,596,447, consisting of 51,192,894 shares, each with a nominal value of NOK 0.50.
This information is subject to the disclosure requirements pursuant to Regulation EU 596/2014 (MAR) article 19 number 3, the Oslo Børs Rule Book part II, and of section 5-12 of the Securities trading Act.
This stock exchange announcement was published by Einar Olsen, CFO of Endúr ASA, on 3 February 2026.
For further information, please contact:
Media - Jeppe Raaholt, CEO of Endúr ASA, tel.: +47 976 69 759 Investors – Einar Olsen, CFO of Endúr ASA, tel.: +47 924 01 787
About Endúr ASA Endúr ASA (OSE: ENDUR) is a leading supplier of construction and maintenance projects and services for infrastructure, including facilities for land-based aquaculture, quays, harbours, dams, bridges and other specialised concrete and steel projects. The company and its subsidiaries also offer a wide range of other specialised project and marine services. Endúr ASA is headquartered in Lysaker, Norway. See www.endur.no.