Primary Insider disclosure and purchase of treasury shares
06 May 2015
The following primary insiders (or their related
parties as described below) have agreed to buy
shares in Ocean Yield ASA ("the Company") from the
Company:
* Lars Solbakken, CEO, has (through his wholly owned
company Finmarine AS) agreed to buy 30 690 new
shares in Ocean Yield ASA at a price of NOK 45.00
per share. After this transaction, Lars Solbakken
owns 1 127 017 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) agreed to buy 9 765 new
shares in Ocean Yield ASA at a price of NOK 45.00
per share. After this transaction, Eirik Eide owns,
directly or indirectly, 216 323 shares in the
Company.
* Marius Magelie, Vice President, has through his
wholly owned company MGM Invest AS agreed to buy 4
185 new shares in Ocean Yield ASA at a price of NOK
45.00 per share. After this transaction, Marius
Magelie owns, directly or indirectly, 57 094 shares
in the Company.
The purchase of shares is made as part of the
Company's management incentive program. The purchase
price equals the closing share price of the Ocean
Yield share on 5th May 2015, less a discount of 20%,
reflecting that the shares have a lock-up period of
three years. The share price as of close 5th May
2015 was NOK 56.25.
An order for the acquisition of up to 150,000 shares
will be placed in the market with an investment bank
on 6th of May 2015. These shares will be used in
settlement of the abovementioned 44 640 shares and
the remaining shares will be held as treasury shares
and used towards the management incentive program
going forward.
This information is subject of the disclosure
requirements pursuant to section 4-2 of the
Norwegian Securities Trading Act.
For further information, please contact:
Lars Solbakken, CEO of Ocean Yield ASA
Phone: +47 24 13 01 90
E-mail: lars.solbakken@oceanyield.no
Eirik Eide, CFO of Ocean Yield ASA
Phone: +47 24 13 01 91
E-mail: eirik.eide@oceanyield.no