Reference is made to the stock exchange announcements of 4 March 2015 and 31 March 2015 concerning a program of restricted share units for employees in XXL ASA.
According to the program, dividends will be reinvested into new restricted share units. Dividend of NOK 2.00 per share was paid out on Friday 3 July 2015. In total 2,471 restricted share units will be allocated to employees. The shares will vest on 3 March 2018.
The following primary insiders have been allocated restricted share units according to the above and have, after this, the following number of shares and restricted share units in XXL ASA:
- Morten Fuglum, Group Controller, has been allocated 20 restricted share units. Following this, he holds 26,261 shares and 868 restricted share units in XXL ASA including ownership of closely related parties.
- Christian Hokstad Pedersen, Group Controller, has been allocated 28 restricted share units. Following this, he holds 5,056 shares and 1,244 restricted share units in XXL ASA including ownership of closely related parties.
- Leidulf Holand, Business Controller, has been allocated 21 restricted share units. Following this, he holds 79,248 shares and 936 restricted share units in XXL ASA including ownership of closely related parties.
- Karete Kvisle, Head of Accounting, has been allocated 24 restricted share units. Following this, she holds 4,875 shares and 1,071 restricted share units in XXL ASA including ownership of closely related parties.
- Magnus Bjurling, Controller, has been allocated 27 restricted share units. Following this, he holds 3,488 shares and 1,171 restricted share units in XXL ASA including ownership of closely related parties.
For further queries, please contact:
Tolle O. R. Grøterud, Head of Investor Relations, XXL ASA
Tel: +47 90 27 29 59
E-mail: ir@xxlasa.com
About XXL ASA
XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden and Finland. It is the largest and the fastest growing among the major sports retailers in the Nordics. XXL pursues a broad customer appeal, offering a one stop shop experience with a wide range of products for sports, hunting, skiing, biking and other outdoor activities. XXL's concept is to have the largest stores with the lowest prices and the widest assortment of products, focusing on branded goods.