Marine Harvest ASA (OSE: MHG): Exercise of senior executive share options/purchase of own shares
March 22 2017 - 2:00AM
Number of options
exercised
The Board of Directors of Marine Harvest awarded
1.2 million options under its senior executive share option scheme
with effect from 2013 to the current participants in the option
scheme. The option scheme form an important part of Marine
Harvest's long term remuneration policy for such senior executives.
The number of options shall be reduced if the profit through
exercise of options in a year exceeds two times the fixed annual
salary of the option holder. Accordingly, the number of options has
been reduced to 697,348 options to comply with this provision.
On 21 March 2017, participants in Marine Harvest's
senior executive share option scheme exercised 697,348 options in
Marine Harvest, corresponding to 697,348 shares at a strike price
of NOK 42.63 per share.
On the same date Marine Harvest purchased 697,348
own shares at a price of NOK 141.10 per share to settle its
obligation to deliver the shares. The shares were purchased in
accordance with the authorisation granted at the annual general
meeting on 9 June 2016. Following these transactions Marine Harvest
still holds zero treasury shares.
Options exercised by primary
insiders
Alf-Helge Aarskog exercised 118,510 options in
Marine Harvest, corresponding to
118,510 shares at a strike price of NOK 42.63 per share.
Ivan Vindheim exercised 67,234 options in Marine
Harvest, corresponding to
67,234 shares at a strike price of NOK 42.63 per share.
Marit Solberg exercised 58,216 options in Marine
Harvest, corresponding to
58,216 shares at a strike price of NOK 42.63 per share.
Per-Roar Gjerde exercised 52,196 options in Marine
Harvest, corresponding to
52,196 shares at a strike price of NOK 42.63 per share.
Ola Brattvoll exercised 49,375 options in Marine
Harvest, corresponding to
49,375 shares at a strike price of NOK 42.63 per share.
Ben Hadfield exercised 50,528 options in Marine
Harvest, corresponding to
50,528 shares at a strike price of NOK 42.63 per share.
Øyvind Oaland exercised 37,927 options in Marine
Harvest, corresponding to
37,927 shares at a strike price of NOK 42.63 per share.
Anne Lorgen Riise exercised 29,410 options in
Marine Harvest, corresponding to
29,410 shares at a strike price of NOK 42.63 per share.
Transfer of rights
On 21 March 2017 the primary insiders listed above
transferred their rights to receive shares resulting from the
exercise of their options to a third party against a consideration
to be determined on the basis of the price subsequently obtained by
the third party when selling the shares. The price subsequently
obtained was NOK 141.10 per share.
New holding
After exercising the options the primary insiders
listed above hold the following number of shares and unexercised
options in Marine Harvest:
Name |
Title |
Shares |
|
Total unexercised |
|
|
|
|
options |
Alf-Helge Aarskog |
CEO |
38 670 |
|
1 642 896 |
Ivan Vindheim |
CFO |
760 |
|
334 948 |
Marit Solberg |
COO Farming |
12 913 |
|
334 948 |
Per-Roar Gjerde |
COO Farming |
423 |
|
165 841 |
Ola Brattvoll |
COO Sales & Marketing |
9 331 |
|
334 948 |
Ben Hadfield |
COO Feed and MD Scotland |
6 970 |
|
334 948 |
Øyvind Oaland |
Global R&D Director |
4 488 |
|
0 |
Anne Lorgen Riise |
Global HR Director |
458 |
|
0 |
This information is subject to the disclosure
requirements pursuant to section 4-2 of the Norwegian Securities
Trading Act.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Marine Harvest ASA via Globenewswire
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