Advertisement
UK markets closed
  • FTSE 100

    8,155.72
    -49.17 (-0.60%)
     
  • FTSE 250

    21,067.68
    -166.48 (-0.78%)
     
  • AIM

    784.13
    -3.54 (-0.45%)
     
  • GBP/EUR

    1.1866
    -0.0009 (-0.08%)
     
  • GBP/USD

    1.2915
    -0.0032 (-0.25%)
     
  • Bitcoin GBP

    51,647.91
    +2,116.75 (+4.27%)
     
  • CMC Crypto 200

    1,376.75
    +45.85 (+3.45%)
     
  • S&P 500

    5,505.00
    -39.59 (-0.71%)
     
  • DOW

    40,287.53
    -377.49 (-0.93%)
     
  • CRUDE OIL

    80.25
    -2.57 (-3.10%)
     
  • GOLD FUTURES

    2,402.80
    -53.60 (-2.18%)
     
  • NIKKEI 225

    40,063.79
    -62.56 (-0.16%)
     
  • HANG SENG

    17,417.68
    -360.73 (-2.03%)
     
  • DAX

    18,171.93
    -182.83 (-1.00%)
     
  • CAC 40

    7,534.52
    -52.03 (-0.69%)
     

Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2024

Mowi ASA
Mowi ASA

At Mowi ASA’s (the “Company”) annual general meeting (“AGM”) on 30 May 2024 the Board of Directors was authorised to grant options under the Share Option Scheme to Senior Executives, as described in Mowi’s guidelines for remuneration of leading personnel (the “Guidelines”). On 19 June 2024 the Board of Directors granted 1.71 million options at a strike price of NOK 201.6120, 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 39 individuals.

In accordance with the Guidelines, 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 Mowi, if a voluntary offer is followed-up with a forced transfer of shares in accordance with the Norwegian Securities Trading Act or if Mowi is the non-surviving entity in a merger with another company.

The exercise of 50% of the options awarded to an option holder is conditional on achievement of performance criteria, measured in the development of the share price of the Company's shares compared with those of peers ("Performance-based Options"). The exercise of the remaining 50% of the options awarded to an option holder is not conditional on achievement of such performance criteria ("Ordinary Options").

ADVERTISEMENT

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 Performance-based Options in a year is capped at one year’s salary for the option holder, and total profit through the exercise of Ordinary Options in a year is capped at one year’s 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, please see attached allocation details. The primary insiders have the following number of shares and options, adjusted for dividends paid, in the Company.

 

Total number of

Options granted

Total options

Name

shares owned

in 2024

outstanding

Ivan Vindheim
(CEO)

7,903

200,000

991,648

Kristian Ellingsen
(CFO)

1,243

100,000

484,634

Øyvind Oaland
(COO Farming Norway)

5,631

100,000

484,634

Ben Hadfield
(COO Farming Scotland, Ireland, Faroes and Canada East)

8,113

100,000

484,634

Fernando Villarroel
(COO Farming Americas)

5,655

100,000

462,255

Ola Brattvoll
(COO Sales & Marketing)

10,474

100,000

484,634

Atle Kvist
(COO Feed)

786

100,000

484,634

Catarina Martins
(CTO & Chief Sustainability Officer)

2,688

45,000

153,747

Kjersti Eikeseth
(Chief HR Officer)

120

25,000

25,000

Kim Galtung Døsvig
(Investor Relations & Head of Treasury)

1,379

25,000

133,747

Lars Tore Andersen
(Group Accounting Director)

1,379

15,000

30,543

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


Attachment