Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2024
20 June 2024 - 4:45PM
Mowi ASA (OSE: MOWI): Share option scheme for senior executives and
allocation of options 2024
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").
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.
- 2024 option allocation primary insiders
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