Share purchase by Mowi ASA's Board members

6/21/2019, 1:07 PM (Source: GlobeNewswire)


Chart for: Mowi

With reference to stock notice of 7 May 2019 and partly remuneration to Mowi ASA's Board members in the form of shares.

All Board members of Mowi have today purchased shares in the company as set forth below. The share purchases are pursuant to the recommendation from the Nomination Committee which was adopted by the General Assembly on 29 May 2019.

The Nomination Committee is of the view that Directors on the Board of Mowi should be encouraged to invest in shares in the company, which is also in line with the Norwegian Code of Practice for Corporate Governance. Accordingly, all Board members have purchased shares for the equivalent of NOK 59,985 each, in total NOK 599,848. The shares were purchased at a market price of NOK 204.03 per share, equivalent to 294 shares each and 2,940 shares in total.

Following the share purchases the Board members hold the following number of shares in Mowi:

  Acquired shares New holding
Ole-Eirik Lerøy (Chairman) (1) 294 1 500 626
Lisbet K. Nærø 294 626
Cecilie Fredriksen (2) 294 626
Kristian Melhuus 294 626
Paul Mulligan 294 626
Jean-Pierre Bienfait 294 626
Birgitte Ringstad Vartdal 294 626
Unni Sværen 294 898
Anders Sæther 294 445
Jørgen Wengaard 294 445


1) Framar, a company owned by Ole-Eirik Lerøy, and Sterna Finance Ltd, which is indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family, have as previously disclosed entered into a consultancy agreement. In this connection Sterna has granted Framar an option to acquire, under certain terms and conditions, 750,000 shares in Mowi. See Mowi's Annual Report 2018 for complete disclosure.

2) Cecilie Fredriksen is a member of the class of Beneficiaries of the Trusts which indirectly control Geveran Trading Co Limited. Geveran Trading Co Limited owns 74,551,603 shares in Mowi ASA and hold TRS agreements with underlying exposure of 4,000,000 shares.


This information is subject to the disclosure requirements pursuant to section 4-1, 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: MOWI ASA via Globenewswire

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