Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2019

6/20/2019, 4:36 PM (Source: GlobeNewswire)

At Mowi ASA's (the "Company") annual general meeting ("AGM") on 29 May 2019 the Board of Directors was authorised to grant options under the Share Option Scheme to Senior Executives. On 20 June 2019 the Board of Directors granted 1.5 million options with a strike price of NOK 222.4108, 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 29 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 Mowi, if a voluntary offer is followed-up with a forced transfer of shares in accordance with the Norwegian Securities Trading Act or if Mowi 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 2019 outstanding
Alf-Helge Aarskog

39 027 200 000 1 437 771
Ivan Vindheim

1 117 100 000 442 708
Per-Roar Gjerde

(COO Farming)
780 100 000 379 150
Ola Brattvoll

(COO Sales & Marketing)
9 688 100 000 442 708
Ben Hadfield

(COO Fish Feed)
7 327 100 000 442 708
Øyvind Oaland

(Global Director R&D)
4 845 25 000 51 384
Catarina Martins

(Chief Sustainability Officer)
1 920 25 000 25 000
Anne Lorgen Riise

(Global Director HR)
815 25 000 51 384
Glenn Flanders

(Chief Strategy Officer)
457 25 000 51 384
Kim Galtung Døsvig

(Investor Relations & Head of Treasury)
593 25 000 51 384

This information is subject to the disclosure requirements pursuant to section 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: MOWI ASA via Globenewswire

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