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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
1st June 2022 / 18:52
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
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 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 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 chosen 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 section 5-12 of the Norwegian Securities Trading Act.
Trond Håkon Schaug-Pettersen, CFO (+47 911 91 327)
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
ABOUT
About Salmon EvolutionSalmon 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 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 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 chosen 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 section 5-12 of the Norwegian Securities Trading Act.
CONTACT
For more information, please contact:Trond Håkon Schaug-Pettersen, CFO (+47 911 91 327)