At Mowi ASA's (the "Company") annual general meeting ("AGM") on 3 June 2020 the
Board of Directors was authorised to grant options under the Share Option Scheme
to Senior Executives. On 25 August 2020 the Board of Directors granted 1.125
million options with a strike price of NOK 209.8076, 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 32 individuals.
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 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 the option in a year is capped at two
years' 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 and have, following this and adjustments for dividends
paid, the following number of shares and options in the Company:
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Total number of Options granted Total options
Name shares owned in 2020 outstanding
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Ivan Vindheim
(CEO) 7 248 130 000 460 746
Kristian Ellingsen
(CFO) 588 55 000 55 000
Øyvind Oaland
(COO Farming Norway) 4 976 55 000 108 212
Ben Hadfield
(COO Farming Scotland and
Ireland) 7 458 55 000 385 746
Ola Brattvoll
(COO Sales & Marketing) 9 819 55 000 385 746
Atle Kvist
(COO Feed) 131 55 000 80 889
Catarina Martins
(CTO & Chief Sustainability
Officer) 2 051 25 000 50 889
Anne Lorgen Riise
(Chief HR Officer) 946 25 000 78 212
Kim Galtung Døsvig
(Investor Relations & Head of
Treasury) 724 25 000 78 212
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This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.