The board of directors of AKVA group ASA ("AKVA group" or the "Company") has decided to launch a share incentive program (the "Share Incentive Program") for certain eligible employees of the Company and its subsidiaries.
The intention of the Share Incentive Program is to give employees an opportunity to buy shares in the Company at a discounted price. The shares offered to employees are existing shares in AKVA group which have been acquired in the market in accordance with a share buy-back program initiated by AKVA group, and which are offered to employees under an exemption from the obligation to prepare an offering prospectus set out in section 7-4 (1) no. 9 of the Norwegian Securities Trading Act. No prospectus will accordingly be prepared in connection with the Share Incentive Program.
The employees eligible for participation in the Share Incentive Program must confirm their participation in the program in the period commencing on 23 June 2017 and ending on 30 June 2017 at 12:00 hours CET. The shares will be allocated to such employees in July 2017.
Overview of terms and conditions for participation in the Share Incentive Program:
Securities represent a speculative investment and involves a high degree of risk. An investment in the Company's shares is suitable only for investors who understand the risk factors associated with this type of investment and who can afford a loss of all or part of the investment. Each Eligible Employee contemplating an investment in the Company's shares must determine the suitability of that investment in light of its own circumstances. In particular, each potential investor should, inter alia:
Past performance of the shares is not an indication of future performance.
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: 23. June 2017
AKVA group ASA