As part of Orkla's Long Term Incentive Program set out in Orkla's executive
remuneration guidelines options have today, 2 June 2021, been granted to the
following primary insiders:
· Jaan Ivar Semlitsch, President & CEO
180,718 options
· Harald Ullevoldsæter, EVP CFO
70,509 options
· Christer Grönberg, EVP Group Functions 70,389
options
· Atle Vidar Nagel-Johansen, EVP Orkla Foods 89,416
options
· Hege Holter Brekke, EVP Orkla Care
66,793 options
· Ingvill T. Berg, EVP
OCS 64,139 options
· Johan Clarin, EVP
OFI 77,736 options
· Kenneth Haavet, EVP OC&FI
66,570 options
· Sverre Prytz, EVP M&A and Strategy
66,570 options
· Håkon Mageli, EVP Corp Affairs & Comm. 46,840
options
Each share option gives the right to purchase one share in Orkla ASA. The strike
price of the options was set to NOK 82.06 per share based on the closing price
on 16 April 2021 plus 3% p.a. in the vesting period and adjusted for dividend
paid until exercise. The options will lapse if not exercised by 16 April 2026.
For members of the Group Executive Board, the options may only be exercised
after three years (16 April 2024), and for others the options are divided into
three tranches whereby 20% vests in year one, 20% in year two and 60% in year
three, with the first tranche vesting 16 April 2022. For further information,
see attachment available at www.newsweb.no.
Orkla ASA
Oslo, 2 June 2021
Ref.:
SVP Investor Relations
Kari Lindtvedt
Tel.: +47 950 75 114
This information is subject to disclosure requirements set out in the Market
Abuse Regulation EU 596/2014 Article 19
This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act