Mowi ASA (OSE: MOWI): Exercise of senior executive share options/purchase of own shares
August 26 2024 - 12:27PM
UK Regulatory
Mowi ASA (OSE: MOWI): Exercise of senior executive share
options/purchase of own shares
Number of options exercised
The Board of Directors of Mowi awarded 0.93 million options
under its senior executive share option scheme with effect from
2020 to the current participants in the option scheme. The option
scheme forms an important part of Mowi’s long-term remuneration
policy for such senior executives. The number of options has been
adjusted for dividend payments to 1,040,643 options to comply with
a provision in the scheme.
On 26 August 2024, participants in Mowi's senior executive share
option scheme exercised 1,040,643 options in Mowi, corresponding to
1,040,643 shares at a strike price of NOK 187.50 per
share.
On the same date Mowi purchased 1,040,643 own shares at a price
of NOK 189.20 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 2024.
Following these transactions Mowi still holds zero treasury
shares.
Options exercised by primary insiders
Ivan Vindheim exercised 145,466 options in Mowi, corresponding
to
145,466 shares at a strike price of NOK 187.50 per share.
Kristian Ellingsen exercised 61,543 options in Mowi,
corresponding to
61,543 shares at a strike price of NOK 187.50 per share.
Øyvind Oaland exercised 61,543 options in Mowi, corresponding
to
61,543 shares at a strike price of NOK 187.50 per share.
Ben Hadfield exercised 61,543 options in Mowi, corresponding
to
61,543 shares at a strike price of NOK 187.50 per share.
Fernando Villarroel exercised 39,164 options in Mowi,
corresponding to
39,164 shares at a strike price of NOK 187.50 per share.
Ola Brattvoll exercised 61,543 options in Mowi, corresponding
to
61,543 shares at a strike price of NOK 187.50 per share.
Atle Kvist exercised 61,543 options in Mowi, corresponding
to
61,543 shares at a strike price of NOK 187.50 per share.
Catarina Martins exercised 27,974 options in Mowi, corresponding
to
27,974 shares at a strike price of NOK 187.50 per share.
Kim Galtung Døsvig exercised 27,974 options in Mowi,
corresponding to
27,974 shares at a strike price of NOK 187.50 per share.
Transfer of rights
On 26 August 2024 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
189.20 per share. Please see attached for further details.
New holding
After exercising the options the primary insiders listed above
hold the following number of shares and unexercised options in
Mowi:
|
|
|
Unexercised |
Name |
Position |
Shares held |
options |
Ivan
Vindheim |
CEO |
7,903 |
846,197 |
Kristian
Ellingsen |
CFO |
1,243 |
423,098 |
Øyvind
Oaland |
COO Farming
Norway & Iceland |
5,631 |
423,098 |
Ben
Hadfield |
COO Farming
Scotland, Ireland,
Faroes and Canada East |
8,113 |
423,098 |
Fernando
Villarroel |
COO Farming
Americas |
5,655 |
423,098 |
Ola
Brattvoll |
COO Sales &
Marketing |
10,474 |
423,098 |
Atle Kvist |
COO Feed |
786 |
423,098 |
Catarina
Martins |
CTO & Chief
Sustainability Officer |
2,688 |
125,775 |
Kim Galtung Døsvig |
Investor Relations & Head of Treasury |
1,379 |
105,775 |
This information is subject to the disclosure requirements
pursuant to section 4-2 and 5-12 of the Norwegian Securities
Trading Act.
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