Reference is made to the stock exchange announcement on 27 August 2021 regarding the establishment of a long-term incentive program for executive management in Salmon Evolution ASA (“Salmon Evolution” or the “Company”) and additional grant announcements on 22 November 2021 and 10 January 2023.
Under this program each Henriette Nordstrand and Tore-Jakob Reite has been granted 125,000 share options each with issue date 1 June 2023 (“Tranche 3” of the program). Following the grant, Henriette Nordstrand (directly or indirectly through her fully owned company Heno Holding AS) holds a total of 125,000 share options and 16,144 shares in the Company, and Tore-Jakob Reite holds a total of 125,000 share options and 1,250 shares in the Company.
Under the program a total of 8,600,000 share options have been granted, of which 2,500,000 are forfeited. Following the grants described above, the total number of outstanding options under this program is now 6,100,000.
In accordance with the program as well as previous and above-mentioned grants, “Tranche 3” of the program contains a total of 2,500,000 share options which today have been issued with a strike price equal of NOK 8.30 per share, reflecting the closing price of the Company’s shares on Oslo Børs on 31 May 2022 +15 %. The strike price applies to the following options granted to the relevant primary insiders:
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Trond Håkon Schaug-Pettersen (CEO): 1,000,000 options.
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Trond Vadset Veibust (CFO): 500,000 options.
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Ingjarl Skarvøy (COO): 250,000 options.
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Kamilla Mordal Holo (CPO): 250,000 options.
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Odd Frode Roaldsnes (CCO): 250,000 options.
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Henriette Nordstrand (Technical director): 125,000 options.
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Tore-Jakob Reite (Director strategic projects): 125,000 options.
See above-mentioned announcements and the Company’s annual report for 2022 for further information about the incentive program.
Primary insider notifications relating to the grants taking place on 1 June 2023 are attached pursuant to the market abuse regulation article 19.