Mowi senior executives exercise share options

News
695

Over one million options exercised.

In a statement on the Oslo Stock Exchange on Monday morning, participants in Mowi’s senior executive share option scheme exercised 1,022,084 options in the company, corresponding to 1,022,084 shares at a strike price of NOK 119.84 per share.

On the same date Mowi purchased 1,022,084 own shares at a price of NOK 179.17 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 3 June. Following these transactions Mowi still holds zero treasury shares.

Options exercised by primary insiders

  • CEO Ivan Vindheim exercised 118,648 options in Mowi, corresponding to 118,648 shares at a strike price of NOK 119.84 per share.
  • COO Farming Scotland and Ireland Ben Hadfield exercised 101,112 options in Mowi, corresponding to101,112 shares at a strike price of NOK 119.84 per share.
  • COO Farming Americas and Faroes Per-Roar Gjerde exercised 61,887 options in Mowi, corresponding to 61,887 shares at a strike price of NOK 119.84 per share.
  • COO Sales and Marketing Ola Brattvoll exercised 86,985 options in Mowi, corresponding to 86,985 shares at a strike price of NOK 119.84 per share.

Transfer of rights
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 179.17 per share.

New holding
After exercising the options the primary insiders listed above hold the following number of shares and unexercised options in Mowi: