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Mowi (OSE:MOWI): Share purchase program for employees in Mowi

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The Board of Directors of Mowi ASA (the "Company") has resolved to offer all permanent employees in the Company and its Norwegian, Scottish and Canadian subsidiaries the opportunity to purchase shares in the Company at a discounted price.

The offer to the employees is based on the average purchasing price for the Company's shares on 1 December 2021 of NOK 207.473 per share.

The Norwegian Tax Act §5-14 provides Norwegian employees with a right to purchase shares with a tax-free discount up to a certain limit. Based on the above, eligible employees in Norway have been given three alternative offers.

  • Alternative 1: Purchase 36 shares at a value of approximately NOK 7,500, with a tax-free discount of NOK 1,500 and a purchase price around NOK 6,000.

  • Alternative 2: Purchase 72 shares at a value of approximately NOK 15,000, with a tax-free discount of NOK 3,000 and a purchase price around NOK 12,000.

  • Alternative 3: Purchase 144 shares at a value of approximately NOK 30,000, with a tax-free discount of NOK 6,000 and a purchase price around NOK 24,000.

Eligible employees in Scotland and Canada were given the same offers, however, without any element of tax-free discount.

At the end of the acceptance period, the Company had received acceptances of these offers from 934 employees for a total of 123,804 shares. To comply with its obligation in relation to the acceptances received, the Company has on 1 December 2021 purchased 123,804 shares in the market at an average price of NOK 207.473. In total 123,804 shares will be sold to the employees having accepted to participate in the share program on the terms referred to above.

Pursuant to disclosure requirements under the Market Abuse Regulation, attached is an overview of primary insiders in the Company that have increased their shareholding according to the above.

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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