Marine Harvest (OSE:MHG): Share purchase programme for employees in Marine Harvest

12/5/2018, 6:55 PM (Source: GlobeNewswire)


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The Board of Directors of Marine Harvest ASA (the "Company") has resolved to offer all permanent employees in the Company and its Norwegian, Scottish and Canadian subsidiaries the opportunity to purchase shares in the Company at a discounted price.

The offer to the employees is based on the average purchasing price for the Company's shares on 5 December 2018 of NOK 199.418 per share.

The Norwegian Tax Act §5-14 provides Norwegian employees with a right to purchase shares with a discount of up to NOK 3,000 in such offer. Based on the above, eligible employees in Norway have been given three alternative offers. Alternative 1: Purchase 38 shares at a value of approximately NOK 7,500, with a tax-free discount of NOK 1,500 and a purchase price around NOK 6,000. Alternative 2: Purchase 76 shares at a value of approximately NOK 15,000, with a tax-free discount of NOK 3,000 and a purchase price around NOK 12,000. Alternative 3: Purchase 151 shares at a value of approximately NOK 30,000, with a tax-free discount of NOK 3,000, a taxable discount of NOK 3,000 and a purchase price around NOK 24,000.

Eligible employees in Scotland and Canada were given the same offers, however, without any element of tax-free discount.

At the end of the acceptance period, the Company had received acceptances of these offers from 833 employees for a total of 109,823 shares. To comply with its obligation in relation to the acceptances received, the Company has, on 5 December 2018, purchased 109,823 shares in the market at an average price of NOK 199.418. In total 109,823 shares will be sold to the employees having accepted to participate in the share program on the terms referred to above.

The following primary insiders in the company have been allocated shares according to the above and have, following this and adjustments for dividends paid, the following number of shares and options in the company:

  Shares acquired Total number of Total options
Name on 5 December shares owned allotted
Alf-Helge Aarskog
151 39 027 1 836 482
Ivan Vindheim
151 1 117 459 978
Per-Roar Gjerde
(COO Farming)
151 780 334 984
Ola Brattvoll
(COO Sales & Marketing)
151 9 688 459 978
Ben Hadfield
(COO Fish Feed)
151 7 327 459 978
Øyvind Oaland
(Global Director R&D)
151 4 845 25 699
Glenn Flanders
(Chief Strategy Officer)
151 457 25 699
Anne Lorgen Riise
(Global Director HR)
151 815 25 699
Kim Galtung Døsvig
(Investor Relations & Head of Treasury)
151 593 25 699
Kristine Gramstad Wedler
(Communications Director)
151 593 0
Kristian Ellingsen
(Group Accounting Director)
151 457 0
Unni Sværen
(Board member, employee representative)
151 604 0
Anders Sæther
(Board member, employee representative)
151 151 0
Jørgen Wengaard
(Board member, employee representative)
151 151 0

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 West Corporation on behalf of West Corporation 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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