Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2025
Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2025
At Mowi ASA's (the 'Company') annual general meeting ('AGM') on 4 June 2025 the Board of Directors was authorised to grant options under the Share Option Scheme to Senior Executives, as described in Mowi's guidelines for remuneration of leading personnel (the 'Guidelines'). On 19 June 2025 the Board of Directors granted 1.74 million options at a strike price of NOK 201.6860, 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 41 individuals.
In accordance with the Guidelines, 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 Mowi, if a voluntary offer is followed-up with a forced transfer of shares in accordance with the Norwegian Securities Trading Act or if Mowi is the non-surviving entity in a merger with another company.
The exercise of 50% of the options awarded to an option holder is conditional on achievement of performance criteria, measured in the development of the share price of the Company's shares compared with those of peers ("Performance-based Options"). The exercise of the remaining 50% of the options awarded to an option holder is not conditional on achievement of such performance criteria ("Ordinary Options").
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. Total profit through the exercise of Performance-based Options in a year is capped at one year's salary for the option holder, and total profit through the exercise of Ordinary Options in a year is capped at one year's salary for the option holder. If the profit exceeds this limit, the number of shares to be issued will be reduced accordingly.
The following primary insiders in the Company have been allocated options according to the above, please see attached allocation details. The primary insiders have the following number of shares and options, adjusted for dividends paid, in the Company.
Total number of
Options granted
Total options
Name
shares owned
in 2025
outstanding
Ivan Vindheim (CEO)
13,471
200,000
1,076,593
Kristian Ellingsen(CFO)
1,389
100,000
538,297
Øyvind Oaland (COO Farming Norway, Iceland)
5,777
100,000
538,297
Ben Hadfield (COO Farming Scotland, Ireland, Faroes and Canada East)
8,259
100,000
538,297
Fernando Villarroel(COO Farming Americas)
5,801
100,000
538,297
Ola Brattvoll (COO Sales & Marketing)
10,620
100,000
538,297
Atle Kvist(COO Feed)
932
100,000
538,297
Catarina Martins (CTO & Chief Sustainability Officer)
2,834
45,000
175,293
Kjersti Eikeseth(Chief HR Officer)
266
25,000
50,898
Kim Galtung Døsvig (Investor Relations & Head of Treasury)
1,525
25,000
134,575
Lars Tore Andersen(Group Accounting Director)
1,525
15,000
46,641
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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