Marine Harvest (OSE:MHG): Share option scheme for senior executives and allocation of options 2018
June 22 2018 - 12:13PM
At the Company's annual general meeting ("AGM") on
30 May 2018 the Board of Directors was authorised to grant options
under the Share Option Scheme for Senior Executives. On 22 June
2018 the Board of Directors granted 1.5 million options with a
strike price of NOK 178.1164, 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 26 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 |
| Name |
shares
owned |
in
2018 |
Outstanding |
Alf-Helge Aarskog
(CEO) |
38 876 |
300 000 |
2 432 006 |
Ivan Vindheim
(CFO) |
966 |
100 000 |
576 563 |
Per-Roar Gjerde
(COO Farming Norway and Chile) |
629 |
100 000 |
390 423 |
Ola Brattvoll
(COO Sales & Marketing) |
9 537 |
100 000 |
576 563 |
Ben Hadfield
(COO Fish Feed) |
7 176 |
100 000 |
576 563 |
Øyvind Oaland
(Global Director R&D) |
4 694 |
25 000 |
25 000 |
Anne Lorgen Riise
(Global Director HR) |
664 |
25 000 |
25 000 |
Glenn Flanders
(Chief Strategy Officer) |
306 |
25 000 |
25 000 |
Kim Galtung
Døsvig
(Investor Relations & Head of Treasury) |
442 |
25 000 |
25 000 |
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 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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