REPURCHASE OF SHARES IN CONNECTION WITH MARINE HARVEST'S SENIOR EXECUTIVE SHARE PRICE BASED BONUS SCHEME/MANDATORY NOTIFICATI...
April 02 2014 - 2:49AM
On 1 April 2014, Marine Harvest ASA ("Marine Harvest") purchased
186,207 own shares (the "Shares") in the market at an average price
of NOK 68.1687 per share. The Shares were purchased for resale to
46 senior executives (the "Participants") who took part in the 2011
allotment under the Marine Harvest Share Price Based Bonus Scheme
("Scheme").
The Participants are being paid a cash bonus corresponding to
the positive difference between the base value of the units
allotted in 2011 and the closing share price of the Marine Harvest
shares on 28 March 2014, being NOK 69 (the "Closing Price")
multiplied with the number of units (the "Bonus"). Full adjustment
for dividend payments from Marine Harvest, from the date of
allotment to the date of maturity, is taken into account when
calculating the Bonus for each Participant (in accordance with the
Oslo Stock Exchange Derivative Rules (A.2.2.8 (1)b)). Furthermore,
the bonus is limited to two year's salary.
The Participants are required to use the Bonus after deduction
for income tax, to acquire shares in Marine Harvest at a price per
share corresponding to the Closing Price. To effect such settlement
Marine Harvest acquired the Shares at NOK 68.1687 per share on 1
April 2014 and resold them to the Participants at a price
corresponding to the Closing Price.
The following primary insiders in the company have purchased
shares at the terms described above and have, following this, the
depicted shareholding in Marine Harvest:
|
Shares purchased on 1 April 2014 |
Total number of shares owned |
Alf-Helge Aarskog |
34,285 |
138,434 |
Marit Solberg |
8,571 |
47,677 |
Ola Brattvoll |
8,571 |
9,095 |
Henrik Heiberg |
3,428 |
26,176 |
Øyvind Oaland |
3,428 |
19,252 |
Ben Hadfield |
1,786 |
6,734 |
Turid Lande Solheim |
1,714 |
2,527 |
For queries, please contact:
Henrik Heiberg, VP Finance & Treasury +47 91 74 77 24
This information is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
Act.
HUG#1773587
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