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:
After the shares have been delivered in July 2017, the abovementioned primary insiders will hold the following shares in the Company:
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