Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation
of options 2026
At Mowi ASA's (the "Company") annual general meeting ("AGM") on 3 June 2026 the
Board of Directors was authorised to grant options under the Share Option Scheme
to Senior Executives, as described in Mowi's new guidelines for remuneration of
leading personnel (the "Guidelines"). On 18 June 2026 the Board of Directors
granted 1.785 million options at a strike price of NOK 212.2822, 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 44 individuals.
In accordance with the new 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 strike price will be adjusted for dividends and changes in the equity
capital during the term of the option as further set out 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.
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Total number of Options granted Total options
Name shares owned in 2026 outstanding
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Ivan Vindheim
(CEO) 13,696 200,000 841,979
Kristian Ellingsen
(CFO) 1,614 100,000 420,991
Øyvind Oaland
(COO Farming Norway, Iceland) 6,002 100,000 420,991
Ben Hadfield
(COO Farming Scotland, Ireland,
Faroes and Canada East) 8,484 100,000 420,991
Fernando Villarroel
(COO Farming Americas) 6,026 100,000 420,991
Ola Brattvoll
(COO Sales & Marketing) 10,845 100,000 420,991
Atle Kvist
(COO Feed) 1,157 100,000 420,991
Catarina Martins
(CTO & Chief Sustainability
Officer) 3,059 45,000 167,282
Kjersti Eikeseth
(Chief HR Officer) 491 25,000 77,543
Kim Galtung Døsvig
(Investor Relations & Head of
Treasury) 1,750 25,000 105,247
Lars Tore Andersen
(Group Accounting Director) 1,750 15,000 63,148
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This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.