Marine Harvest ASA (OSE: MHG): Exercise of senior executive share options/purchase of own shares
June 25 2018 - 5:47AM
Number of options
exercised
The Board of Directors of Marine Harvest awarded
1.3 million options under its senior executive share option scheme
with effect from 2014 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 717,815 options to comply with this provision.
On 25 June 2018, participants in Marine Harvest's
senior executive share option scheme exercised 717,815 options in
Marine Harvest, corresponding to 717,815 shares at a strike price
of NOK 69.04 per share.
On the same date Marine Harvest purchased 717,815
own shares at a price of NOK 163.34 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 30 May 2018. Following these transactions Marine Harvest
still holds zero treasury shares.
Options exercised by primary
insiders
Alf-Helge Aarskog exercised 122,317 options in
Marine Harvest, corresponding to
122,317 shares at a strike price of NOK 69.04 per share.
Ivan Vindheim exercised 69,399 options in Marine
Harvest, corresponding to
69,399 shares at a strike price of NOK 69.04 per share.
Marit Solberg exercised 59,376 options in Marine
Harvest, corresponding to
59,376 shares at a strike price of NOK 69.04 per share.
Per-Roar Gjerde exercised 53,879 options in Marine
Harvest, corresponding to
53,879 shares at a strike price of NOK 69.04 per share.
Ola Brattvoll exercised 50,957 options in Marine
Harvest, corresponding to
50,957 shares at a strike price of NOK 69.04 per share.
Ben Hadfield exercised 53,712 options in Marine
Harvest, corresponding to
53,712 shares at a strike price of NOK 69.04 per share.
Transfer of rights
On 25 June 2018 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 163.34 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 |
38 876 |
|
1 786 564 |
Ivan Vindheim |
CFO |
966 |
|
447 475 |
Marit Solberg |
COO Farming |
13 119 |
|
347 475 |
Per-Roar Gjerde |
COO Farming |
629 |
|
325 879 |
Ola Brattvoll |
COO Sales & Marketing |
9 537 |
|
447 475 |
Ben Hadfield |
COO Fish Feed |
7 176 |
|
447 475 |
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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