OREANDA-NEWS. At the Company's annual general meeting on 9 June 2016 (AGM) the Board of Directors was authorised to grant options under the Share Option Scheme for Senior Executives. On 20 June 2016 the Board of Directors granted 1.5 million options with a strike price of NOK 153.0371, corresponding to 107.5% of the volume weighted average share price on the Oslo Stock Exchange at the date of the AGM, to a total of 18 individuals.

The options have a term of 4 years but will become exercisable immediately if a mandatory bid is made for all of the shares in Marine Harvest, if a voluntary offer is followed up with a forced transfer of shares in accordance with the Norwegian Securities Trading Act or if Marine Harvest is the non-surviving entity in a merger with another company.

The number of shares and the strike price will be adjusted for dividends and changes in the equity capital during the term of the option according to the Oslo Stock Exchange's derivative rules and provisions in the option agreements.

The following primary insiders in the company have been allocated options according to the above and have, following this and adjustments for dividends paid, the following number of shares and options in the company:

  Total number of Options granted Total options
  shares owned in 2016 allotted
Alf-Helge Aarskog (CEO) 38 570 470 000 2 170 752
Ivan Vindheim (CFO) 660 100 000 440 151
Marit Solberg (COO Farming) 47 813 100 000 440 151
Ola Brattvoll (COO Sales & Marketing) 9 231 100 000 440 151
Ben Hadfield (COO Fish Feed) 6 870 100 000 365 373