Reference is made to the employee share option program in Salmon Evolution ASA
(the "Company") implemented in 2020 in connection to the Company's admission to
trading on Euronext Growth and involving a total of 1,625,000 share options with
an average strike price of NOK 4.80 (the "2020 Program").
All 1,625,000 options under the 2020 program have today been exercised at an
average strike price of NOK 4.80.
The primary insiders of the Company have exercised options as follows:
· Håkon André Berg (CEO): 450,000 options at a strike price of NOK 4.30
· Trond Håkon Schaug-Pettersen (CFO): 375,000 options at a strike price of NOK
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 of
NOK 4.30
· Hans Petter Mortveit (Finance Manager): 75,000 options at a strike price of
NOK 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.
For more information, please contact:
Trond Håkon Schaug-Pettersen, CFO (+47 911 91 327)
About Salmon Evolution
Salmon Evolution is a Norwegian land-based salmon farming company focused on
extending the ocean's potential by transferring the best preconditions offered
by the sea to farm fish on land through its hybrid flow-through system
technology (HFS). This secures a truly sustainable production process with
controlled and optimal growth conditions and limiting operational and biological
risk.
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 Dongwon Industries where
the parties will develop, construct and operate a land-based salmon farming
facility in South Korea with an annual production capacity of 16,800 tonnes HOG,
using Salmon Evolution's HFS technology.
Salmon Evolution ASA is listed on Oslo Børs under the ticker SALME. To learn
more, please visit www.salmonevolution.no.
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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