Odfjell SE: Mandatory notification of trade
Pursuant to Odfjell’s Employee Share Purchasing Program (“ESPP”), approved by the Annual General Meeting on May 7, 2024, the first subscription period was completed on September 6, 2024. The ESPP offers Odfjell’s employees in Norway to purchase a limited number of shares twice a year at a price adjustment in relation to the stock exchange price. The shares will have a two-year lock-in period, and the price adjustment will reflect the value of the lock-in period.
The purchase price paid is NOK 121.04 for class A shares and NOK 118.26 for class B shares.
The price corresponds to the volume-weighted average price on the Oslo Stock Exchange in the ten trading days during the subscription period from August 26, 2024 to September 6, 2024.
To facilitate shares acquired as part of the ESPP, Odfjell has today sold 14,355 Class A-shares (treasury shares) and 2,366 Class B-shares (treasury shares) to the eligible participants.
The below listed primary insiders have acquired shares in connection with the ESPP, and have after this, the following number of shares in Odfjell:
| Name and title | Shares acquired | Total number of shares held in the company |
|
Harald Fotland, CEO |
495 Class A shares |
85,715 Class A shares 4,000 Class B shares |
|
Terje Iversen, CFO |
507 Class B shares |
63,634 Class A shares 507 Class B Shares |
|
Bjørn Hammer, CCO |
495 Class A shares | 30,871 Class A shares |
|
Torger Trige, CTO |
495 Class A shares |
16,335 Class A shares 190 Class B shares |
|
Øistein Jensen, CSO |
495 Class A shares | 57,954 Class A shares |
|
Adrian Lenning, MD Terminals |
495 Class A shares | 15,422 Class A shares |
|
Nils Jørgen Selvik, VP Finance & IR |
495 Class A shares | 495 Class A Shares |
IR Contact:
Nils Jørgen Selvik, VP Finance & IR
Tel: +47 920 39 718
E-mail: nils.jorgen.selvik@odfjell.com
The Odfjell Group is one of the leading players in the global market for seaborne transportation and storage of chemicals and other specialty bulk liquids. The Odfjell fleet comprises of approx. 70 ships, which trade both globally and regionally. The tank terminal division consists of four tank terminals and is part of a network of another 10 tank terminals partly owned by related parties. The tank terminals are strategically located at selected international shipping hubs. The Odfjell Group’s headquarters are in Bergen, Norway, and the Group has offices in 13 locations around the world. Odfjell employs around 2300 staff and posted annual gross revenue of USD 1194 million in 2023. Read more on Odfjell.com.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.