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AKVA Group — Remuneration Information 2017
Jun 30, 2017
3532_dirs_2017-06-30_c4353a1e-14f2-40cc-b6a7-112e1e414ece.html
Remuneration Information
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AKVA group ASA: Participation in the share incentive program
AKVA group ASA: Participation in the share incentive program
Employees of AKVA group ASA ("AKVA group" or the "Company") and its subsidiaries
were invited to order shares in the Company in connection with a share incentive
program (the "Share Incentive Program") announced on 30 May 2017.
132 employees decided to invest in the Company, and will be allocated a total of
72.419 shares. The price per share was NOK 60,46, which included a rebate of 20
per cent from the average price the Company has paid for shares acquired up to
22 June 2017 in the share buyback program initiated on 30 May 2017 (being NOK
75,58 per share). Of the total consideration for the shares of NOK 4.378.453,
NOK 856.416 is to be paid through a one-time salary deduction in August 2017,
whereas NOK 3.522.037 is to be paid through monthly salary deductions over 6
months starting in July 2017, in line with the statutory and regulatory
requirements for such credit arrangements. The shares will be delivered to the
participating employees in July 2017.
The following primary insiders have been allocated shares in the Company through
the Share Incentive Program:
* Hallvard Muri, CEO, 662 shares
* Simon Nyquist Martinsen, CFO, 662 shares
* Per Andreas Hjetland, COO Cage Based, 662 shares
* Morten Nielsen, COO Land Based, 662 shares
* Inge Forseth, COO Software, 662 shares
* Andrew Campbell, Regional President Americas & Australasia, 662 shares
* David Thorburn, Regional President Export, 397 shares
* Svein Jørgen Fuglesang, Senior Vice President Supply Chain Management, 662
shares
* Trond Severinsen, Senior Vice President Technology and Development, 662
shares
* Johan Fredrik Gjesdal, Vice President Strategy and Business Development,
662 shares
* Tore Obrestad, Employee's representative in Board, 265 shares
* Henrik Schultz, Employee's representative in Board, 662 shares
* Andreas Pierre Hatjoullis, Group Controller, 662 shares
* Svein Grude, Business Controller, 662 shares
After the shares have been delivered in July 2017, the abovementioned primary
insiders will hold the following shares in the Company:
* Hallvard Muri, CEO, 22 662 shares (includes 22 000 shares owned by Acca AS)
* Simon Nyquist Martinsen, CFO, 17 662 shares (includes 17 000 shares owned by
Elo AS)
* Per Andreas Hjetland, COO Cage Based, 4 048 shares
* Morten Nielsen, COO Land Based, 1 548 shares
* Inge Forseth, COO Software, 1 548 shares
* Andrew Campbell, Regional President Americas & Australasia, 1 548 shares
* David Thorburn, Regional President Export, 1 283 shares
* Svein Jørgen Fuglesang, Senior Vice President Supply Chain Management, 662
shares
* Trond Severinsen, Senior Vice President Technology and Development, 973
shares
* Johan Fredrik Gjesdal, Vice President Strategy and Business Development,
662 shares
* Tore Obrestad, Employee's representative in Board, 3 519 shares
* Henrik Schultz, Employee's representative in Board, 662 shares
* Andreas Pierre Hatjoullis, Group Controller, 1 548 shares
* Svein Grude, Business Controller, 1 548 shares (includes 886 shares owned by
Grude AS)
About AKVA group
AKVA group is a technology and service partner to the aquaculture industry
worldwide. The company has 842 employees, offices in 9 countries and a total
turnover of NOK 1.6 billion in 2016. We are a public listed company operating in
one of the world's fastest growing industries and supply everything from single
components to complete installations, both for cage farming and land based
aquaculture. AKVA group is recognized as a pioneer and technology leader through
more than 40 years. The Corporate Headquarter is in Bryne, Norway.
Date: 30 June 2017
AKVA group ASA
CONTACTS:
Hallvard Muri Chief Executive Officer
Phone: +47 51 77 85 00
Mobile: +47 91 58 07 50
E-mail: [email protected]
Simon Nyquist Martinsen Chief Financial Officer
Phone: +47 51 77 85 00
Mobile: +47 91 63 00 42
E-mail: [email protected]
This information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act.