Cermaq ASA : Exercise of stock option program
May 22 2013 - 2:59AM
In May 2006, an option
scheme was established for the management of the Cermaq Group. A
total of 256,660 options are outstanding. Since 2008
no new option agreements has been entered into, no options have
been granted, nor will it be done in the future.
On May 21 2013, 30,004 options have been exercised
by the following primary insiders:
Name, Number of
options
Snorre Jonassen, 8,334
Douglas Low, 8,334
Jason Mannn, 3,334
Fernando Villaroel, 3,334
Luis Prieto, 3,334
Edgar Luck, 3,334
The options held were settled in cash based on the difference
between the average stock price on May 21 of NOK 111,82 per
share and the exercise price of NOK 71.92 per share.
There is no change in the primary insiders' shareholding in Cermaq
ASA as a result of this transaction. Following the exercise of
options there are 216,654 options outstanding.
This information is subject
of the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: Cermaq ASA via Thomson Reuters ONE
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