Salmon Evolution ASA: Strike price set for tranche 2 options under the Company’s long term incentive program for the executive management

Stock exchange notice

Reference is made to the stock exchange announcement on 27 August 2021 and 22 November 2021 regarding the implementation of a long-term incentive program for the Company’s executive management.

Under the program a total of 7,650,000 share options were granted. The first tranche of 2,550,000 share options were issued in 2021 with a strike price of NOK 9.00 per share (“Tranche 1”). The remaining tranches were to be issued on 1 June 2022 (“Tranche 2”) and 1 June 2023 (“Tranche 3”) with a strike price equal to the closing price of the Company’s shares on Oslo Børs on the last trading day prior to the respective issue dates + 15%.

Accordingly, a total of 2,550,000 Tranche 2 share options have today been issued with a strike price equal to NOK 10.06 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 previously granted to the relevant primary insiders:

  • Håkon André Berg (CEO): 1,000,000 options
  • Trond Håkon Schaug-Pettersen (CFO): 800,000 options.
  • Ingjarl Skarvøy (COO): 250,000 options.
  • Kamilla Mordal Holo (CPO): 250,000 options.
  • Odd Frode Roaldsnes (CCO): 250,000 options