Marine Harvest (OSE:MHG, NYSE:MHG): Share option scheme for senior executives and allocation of options 2016.
June 21 2016 - 2:36AM
At the Company's annual general meeting on 9 June
2016 (AGM) the Board of Directors was authorised to grant options
under the Share Option Scheme for Senior Executives. On 20 June
2016 the Board of Directors granted 1.5 million options
with a strike price of NOK 153.0371, corresponding to 107.5% of the
volume weighted average share price on the Oslo Stock Exchange at
the date of the AGM, to a total of 18 individuals.
The options have a term of 4 years but will become
exercisable immediately if a mandatory bid is made for all of the
shares in Marine Harvest, if a voluntary offer is followed up with
a forced transfer of shares in accordance with the Norwegian
Securities Trading Act or if Marine Harvest is the non-surviving
entity in a merger with another company.
The number of shares and the strike price will be
adjusted for dividends and changes in the equity capital during the
term of the option according to the Oslo Stock Exchange's
derivative rules and provisions in the option agreements. Total
profit through the exercise of the option in a year is capped at
two years' salary for the option holder. If the profit exceeds this
limit, the number of shares to be issued will be reduced
accordingly.
The following primary insiders in the company have
been allocated options according to the above and have, following
this and adjustments for dividends paid, the following number of
shares and options in the company:
|
Total number of |
Options granted |
Total options |
|
shares owned |
in 2016 |
allotted |
Alf-Helge Aarskog (CEO) |
38 570 |
470 000 |
2 170 752 |
Ivan Vindheim (CFO) |
660 |
100 000 |
440 151 |
Marit Solberg (COO Farming) |
47 813 |
100 000 |
440 151 |
Ola Brattvoll (COO Sales & Marketing) |
9 231 |
100 000 |
440 151 |
Ben Hadfield (COO Fish Feed) |
6 870 |
100 000 |
365 373 |
This information is subject to the disclosure
requirements pursuant to section 4-2 and 5-12 of the Norwegian
Securities Trading Act.
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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
HUG#2021969
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