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Salmon Evolution ASA: Granting of share options to key employees
STOCK EXCHANGE NOTICE
7th July 2023 / 18:21
Salmon Evolution ASA ("Salmon Evolution" or the "Company") has today granted a total of 960,000 share options to certain key employees, including 70,000 share options granted to primary insider Hans Petter Mortveit (Finance Manager). Following this grant, Mortveit holds a total of 70,000 share options and 110,152 shares in the Company.
Each share option has been issued with a strike price equal of NOK 8.30 per share, similar to the strike price per share option issued under Tranche 3 of the Company's long term incentive program for executive management, as announced on 1 June 2023.
50% of the options have a vesting of 1 year from the grant date and the remaining 50% of the options have a vesting of 2 years from the grant date. Subject to the vesting periods, the options may be exercised at any time, but no later than the fifth anniversary of the grant date.
Primary insider notification relating to the grant is attached hereto pursuant to Regulation EU 596/2014 (MAR) article 19.
Salmon Evolution is a Norwegian land-based salmon farming company targeting a production capacity of 100,000 tonnes HOG by 2032. The Company’s core focus is on extending the ocean’s potential by transferring the best preconditions offered by the sea to farm fish on land through its chosen 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 strategically located at Indre Harøy on the Norwegian west coast with unlimited access to fresh seawater, renewable energy, established infrastructure, and an educated and experienced work force. Phase 1 is already in operation and will have an annual capacity of 7,900 tonnes HOG at steady state. Fully developed, the Indre Harøy facility will have an annual capacity of 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 chosen HFS technology.
Furthermore, Salmon Evolution has initiated a process with the aim of establishing a land-based salmon farming operation in North America.
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 pursuant to Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities Trading Act section 5-12.
Trond Håkon Schaug-Pettersen
CEO, Salmon Evolution
+47 911 91 327
Trond Vadset Veibust
CFO, Salmon Evolution
+47 480 90 595
Each share option has been issued with a strike price equal of NOK 8.30 per share, similar to the strike price per share option issued under Tranche 3 of the Company's long term incentive program for executive management, as announced on 1 June 2023.
50% of the options have a vesting of 1 year from the grant date and the remaining 50% of the options have a vesting of 2 years from the grant date. Subject to the vesting periods, the options may be exercised at any time, but no later than the fifth anniversary of the grant date.
Primary insider notification relating to the grant is attached hereto pursuant to Regulation EU 596/2014 (MAR) article 19.
ABOUT
About Salmon EvolutionSalmon Evolution is a Norwegian land-based salmon farming company targeting a production capacity of 100,000 tonnes HOG by 2032. The Company’s core focus is on extending the ocean’s potential by transferring the best preconditions offered by the sea to farm fish on land through its chosen 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 strategically located at Indre Harøy on the Norwegian west coast with unlimited access to fresh seawater, renewable energy, established infrastructure, and an educated and experienced work force. Phase 1 is already in operation and will have an annual capacity of 7,900 tonnes HOG at steady state. Fully developed, the Indre Harøy facility will have an annual capacity of 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 chosen HFS technology.
Furthermore, Salmon Evolution has initiated a process with the aim of establishing a land-based salmon farming operation in North America.
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 pursuant to Regulation EU 596/2014 (MAR) article 19 number 3 and the Norwegian Securities Trading Act section 5-12.
CONTACT
For further information, please contact:Trond Håkon Schaug-Pettersen
CEO, Salmon Evolution
+47 911 91 327
Trond Vadset Veibust
CFO, Salmon Evolution
+47 480 90 595