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Scatec ASA (0R3I.L)

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1,198,000,000.00+16.25 (+0.00%)
At close: 6:07PM EDT
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  • Globe Newswire

    Scatec launches new logo and profile and changes ticker to SCATC

    Oslo, 5 January 2021: Scatec has today launched its new logo and profile. The transformation follows the company’s broadened growth strategy and the name change to Scatec from Scatec Solar.“2020 was a monumental year for Scatec. During the crisis, we made the greatest expansion since our establishment, by broadening our strategy and acquiring SN Power. I am therefore pleased to start the new year by unveiling a profile and logo supporting our ambition to become a global large-scale player in solar, hydro, wind and storage solutions, and an integrator of high-value infrastructure solutions,” Says Raymond Carlsen, CEO of Scatec. In October, Scatec announced the acquisition of major hydro power player SN Power from Norfund. At the same time, the company announced its intention to change name from Scatec Solar to Scatec to reflect a broader renewables company. The new name was adopted by the Extraordinary General Meeting on 16 November 2020. “Scatec is a strong name, while the new logo represents a broader direction and increased pace, with units combined to symbolise people and technologies working together. The colours represent renewal, and the profile in its entirety is clear, bold and visually striking, with clear connotations to renewable energy,” Carlsen continues. The new logo and profile will be applied from 5 January 2021, with the accompanying website www.scatec.com. As of today, Scatec ASA also changes its ticker symbol at Oslo Børs from SSO to SCATC. For further information, please contact: Ingrid Aarsnes, VP Communication & IR, tel: +47 950 38 64, ingrid.aarsnes@scatec.com About Scatec ASA: Scatec is a leading renewable power producer, delivering affordable and clean energy worldwide. As a long- term player, Scatec develops, builds and operates renewable power plants and integrates technologies. In 2021, the company will have a total of 1.9 GW in operation on four continents. In October 2020, Scatec announced the acquisition of SN Power, a leading hydropower developer and IPP. Closing of the transaction is expected during first half of 2021. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’. To learn more, visit www.scatec.com, or connect with us on Linkedin.

  • Globe Newswire

    Scatec ASA: Long term incentive programme

    Oslo, 4 January 2021: In line with the terms adopted by the Annual General Meeting of Scatec ASA in 2020, the Board of Directors continue the share-based incentive programme for leading employees of the company, following the same principles as previous years. Today, a total of 251,242 share options were granted to leading employees, including the following primary insiders: Raymond Carlsen, CEO: 18,163 Mikkel Tørud, CFO: 12,986 Torstein Berntsen, EVP Power Production & Asset Management: 10,721 Pål Helsing, EVP Solutions: 10,845 Roar Haugland, EVP Sustainable Business & HSSE: 10,087 Terje Pilskog, EVP Project Development & Project Finance: 11,814 Snorre Valdimarsson, EVP General Counsel: 10,730 Toril Haaland, EVP People & Organisation: 9,210 Ingrid Aarsnes, VP Communication & IR: 3,912 Each share option gives the right to subscribe for and be allotted one share in Scatec ASA. The strike price of the options is set to NOK 314.91 per share based on the volume weighted average share price over the ten last trading days preceding the grant date of 4 January 2021. The options will lapse if not exercised by 1 January 2025. The option grant is divided into three tranches whereby 1/3 vests each year over three years, with the first tranche vesting 1 January 2022. The current grant is the second of three contemplated annual grants of share options in accordance with Scatec’s share-based incentive programme. Attached is an overview of the primary insiders’ total numbers of share options. For further information, please contact:     Ingrid Aarsnes, Communication & IR   tel: +47 950 38 364, email: ingrid.aarsnes@scatec.com      About Scatec ASA Scatec is a leading integrated independent renewable power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long- term player, Scatec develops, builds, owns, operates and maintains power plants and has an installation track record of more than 1.6 GW. The company has a total of 1.9 GW in operation and under construction on four continents. With an established global presence and a significant project pipeline, the company is targeting a capacity of 4.5 GW in operation and under construction by end of 2021. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SSO’.  This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachment Overview of shares and options held by the primary insiders

  • Globe Newswire

    Scatec ASA: Change of ticker to SCATC from 5 January 2021

    Scatec ASA will effective from tomorrow, 5 January 2021, trade under the ticker SCATC. The change in company ticker from SSO to SCATC is due to the previously announced name change from Scatec Solar ASA to Scatec ASA. The ISIN number remains unchanged. For further information, please contact: Ingrid Aarsnes, VP Communication & IR, tel: +47 950 38 364 email: ingrid.aarsnes@scatec.com About Scatec ASA Scatec is an integrated independent renewable power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long-term player, Scatec develops, builds, owns, operates and maintains power plants and has an installation track record of more than 1.6 GW. The company has a total of 1.9 GW in operation and under construction on four continents. With an established global presence and a significant project pipeline, the company is targeting a capacity of 4.5 GW in operation and under construction by end of 2021. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SSO’. To learn more, visit www.scatec.com.