Number of options exercised

The Board of Directors of Mowi awarded 1.175 million options under its senior executive share option scheme with effect from 2015 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 shall be reduced if the profit through exercise of options in a year exceeds two times the fixed annual salary of the option holder. Accordingly, the number of options has been reduced to 485,743 options to comply with this provision.

On 17 June 2019, participants in Mowi's senior executive share option scheme exercised 485,743 options in Mowi, corresponding to 485,743 shares at a strike price of NOK 77.52 per share. 

On the same date Mowi purchased 485,743 own shares at a price of NOK 203.81 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 29 May 2019. Following these transactions Mowi still holds zero treasury shares.

Options exercised by primary insiders

Alf-Helge Aarskog exercised 92,498 options in Mowi, corresponding to 92,498 shares at a strike price of NOK 77.52 per share.

Ivan Vindheim exercised 53,977 options in Mowi, corresponding to 53,977 shares at a strike price of NOK 77.52 per share.

Per-Roar Gjerde exercised 46,573 options in Mowi, corresponding to 46,573 shares at a strike price of NOK 77.52 per share.

Ola Brattvoll exercised 39,688 options in Mowi, corresponding to 39,688 shares at a strike price of NOK 77.52 per share.

Ben Hadfield exercised 41,831 options in Mowi, corresponding to 41,831 shares at a strike price of NOK 77.52 per share.

Transfer of rights

On 17 June 2019 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 203.81 per share.

New holding

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

This information is subject to the disclosure requirements pursuant to section 4-2 and 5-12 of the Norwegian Securities Trading Act.