Primary insider disclosure
Fornebu, 27 August 2019
The following primary insiders (or their related parties as described below) have, as part of the company’s incentive program, committed to acquire shares in Ocean Yield ASA (the "Company" or "Ocean Yield"):
* Lars Solbakken, CEO, has through his wholly owned company Finmarine AS, committed to acquire 35,000 shares in Ocean Yield. Upon completion of such acquisition, Lars Solbakken will own 1,465,880 shares in the Company (all shares are owned indirectly through the wholly owned company Finmarine AS).
* Eirik Eide, CFO, has through his wholly owned company Kleiver Invest AS committed to acquire 15,000 shares in Ocean Yield. Upon completion of such acquisition, Eirik Eide will own, directly or indirectly, 350,051 shares in the Company.
* Andreas Røde, Head of Business Development & M&A., has through his wholly owned company Vulpes Holding AS committed to acquire 15,000 shares in Ocean Yield. Upon completion of such acquisition, Andreas Røde will own, directly or indirectly, 35,000 shares in the Company.
* Marius Magelie, SVP Finance & Investor Relations, has through his wholly owned company MGM Invest AS committed to acquire 5,000 shares in Ocean Yield. Upon completion of such acquisition, Marius Magelie will own, directly or indirectly, 111,120 shares in the Company.
The acquisition of shares will be made as part of the Company's management incentive program. The price paid per share will equal the closing price as of 26 August 2019 of NOK 50.7 per share, less a discount of 20% reflecting that the shares will have a lock-up period of three years.
The Company intends to deliver the shares in the form of treasury shares held by or acquired by the Company, and will in order to have shares available for the incentive program buy back a total of up to 150,000 shares in the Company through open market purchases, adding to the Company's current holding of 9,021 treasury shares.
This information is subject of the disclosure requirements pursuant to section 5-2 and 4-2 of the Norwegian Securities Trading Act.