Reference is made to the employee share option program in
All 1,625,000 options under the 2020 program have today been exercised at an average strike price of
The primary insiders of the Company have exercised options as follows:
Håkon André Berg (CEO): 450,000 options at a strike price ofNOK 4.30 Trond Håkon Schaug-Pettersen (CFO): 375,000 options at a strike price ofNOK 6.20 -
Ingjarl Skarvøy (COO): 100,000 options at a strike price of
NOK 4.30 Kamilla Mordal Holo (Project Director ): 100,000 options at a strike price ofNOK 4.30 Hans Petter Mortveit (Finance Manager): 75,000 options at a strike price ofNOK 5.00
Each of the options entitle the holder to have issued one new share from the Company at a subscription price equaling the respective strike prices. The shares issued in connection with the option exercise will be subject to a lock-up period ranging from 6 to 12 months. Following the options exercise, the total number of outstanding options in the Company is 7,650,000.
Primary insider notifications pursuant to the Market Abuse Regulation article 19 are attached.
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About
The Company's first production facility is under construction at Indre Harøy, strategically located on the Norwegian west coast with unlimited access to fresh seawater, renewable energy, established infrastructure for salmon farming, and an educated and experienced work force. The entire project is designed for an annual capacity of approx. 31,500 tonnes HOG.
The Company has also entered into a joint venture with
This information is subject to the disclosure requirements in Regulation EU 596/2014 (MAR) article 19 and section 5-12 of the Norwegian Securities Trading Act.
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