Date: 17 December 2018

GC Rieber Shipping: Mandatory notification of trade

Stock Exchange Notice
Date: 17 December 2018

GC Rieber Shipping - Mandatory notification of trade

On 17 December 2018, GC Rieber Shipping ASA sold 96,300 own shares to board members and employees in GC Rieber Shipping at a price per share of NOK 8.30. Employees also received a discount of 20% on this price up to a maximum of NOK 3,000 per employee. After the transaction the company holds 54,500 own shares, which corresponds to 0.17% of outstanding shares in the company.

The primary insiders listed below have purchased shares as board members or employees in GC Rieber Shipping;

Cosimo AS, a company owned by board member Trygve Bruland, 30,000 shares (new holding 100,000 shares)
Board member Bodil Valland Steinhaug, 10,000 shares (new holding 10,000 shares)
CEO Einar Ytredal, 15,000 shares (new holding 26,985 shares)
CFO Øystein Kvåle, 15,000 shares (new holding 15,000 shares)
CCO Christoffer Knudsen, 5,300 shares (new holding 5,300 shares)
COO Jan René Myran, 2,000 shares (new holding 2,000 shares)
Head of QHSE Eilert Nøttingnes, 2,000 shares (new holding 2,000 shares)
Marketing and Office Admin Mari Hermansen, 1,900 shares (new holding 1,900 shares)
Group Financial Controller Silje Tonning Søgnen, 1,500 shares (new holding 1,500 shares)

For further information, please contact:

CEO Einar Ytredal, phone: +47 975 20 184
CFO Øystein Kvåle, phone: +47 479 02 919

About GC Rieber Shipping:

GC Rieber Shipping's business within offshore/shipping includes ownership in specialized vessels, high quality marine ship management and project development within the segments subsea, ice/support and marine seismic. The group has a specialized competence in offshore operations in harsh environments as well as design, development and maritime operation of offshore vessels.

GC Rieber Shipping currently operates 11 and has direct and indirect ownership in 23 advanced special purpose vessels for defined markets within the subsea, ice/support and marine seismic segments.The company has its headquarter and a ship management office in Bergen, and an additional ship management company in Yuzhno-Sakhalinsk (Russia). The company is listed on Oslo Børs with ticker RISH.

Further information is available on the company's website 

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.