BERGEN, Norway, June 21, 2016 (GLOBE NEWSWIRE) -- At the Company's annual general meeting on 9 June 2016 (AGM) the Board of Directors was authorised to grant options under the Share Option Scheme for Senior Executives. On 20 June 2016 the Board of Directors granted 1.5 million options with a strike price of NOK 153.0371, 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 18 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 Marine Harvest, if a voluntary offer is followed up with a forced transfer of shares in accordance with the Norwegian Securities Trading Act or if Marine Harvest 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|
|shares owned||in 2016||allotted|
|Alf-Helge Aarskog (CEO)||38 570||470 000||2 170 752|
|Ivan Vindheim (CFO)||660||100 000||440 151|
|Marit Solberg (COO Farming)||47 813||100 000||440 151|
|Ola Brattvoll (COO Sales & Marketing)||9 231||100 000||440 151|
|Ben Hadfield (COO Fish Feed)||6 870||100 000||365 373|
This information is subject to the disclosure requirements pursuant to section 4-2 and 5-12 of the Norwegian Securities Trading Act.
CONTACT: Ivan Vindheim, CFO, Mobile: +47 958 71 310 Kim Galtung Dosvig, IR Officer & Head of Treasury, Mobile: +47 908 76 339Source:Marine Harvest ASA