Ocean Yield ASA: Purchase of shares for the employee incentive program
Reference is made to Ocean Yield ASA’s (“Ocean Yield” or “Company”) stock exchange notice on 1 March 2018 where the Company announced its intention to purchase up to 100,000 treasury shares in connection with its incentive scheme for employees. Ocean Yield has on 7 March 2018 purchased 25,000 shares in the Company on Oslo Stock Exchange at an average price of NOK 68.9547 per share, which implies a total consideration of NOK 1,723,868. The purchase of treasury shares was carried out in accordance with an authorization granted by the Annual General Meeting of the Company on 20 April 2017.
Following the transaction, the Company holds a total of 131,133 treasury shares.
The information contained herein is subject to the disclosure requirements of section 4-2 of the Norwegian Securities Trading Act.