The following primary insiders (or their related parties
as described below) have, as part of the company's
incentive program, 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 28 862 new shares in
Ocean Yield ASA at a price of NOK 51.80 per share. After
this transaction, Lars Solbakken owns 1 155 879 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 9 183 new shares in Ocean
Yield ASA at a price of NOK 51.80 per share. After this
transaction, Eirik Eide owns, directly or indirectly, 225
506 shares in the Company.
* Marius Magelie, Vice President, has through his wholly
owned company MGM Invest AS agreed to buy 3 935 new shares
in Ocean Yield ASA at a price of NOK 51.80 per share.
After this transaction, Marius Magelie owns, directly or
indirectly, 61 029 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 10th
July 2015, less a discount of 20%, reflecting that the
shares have a lock-up period of three years. The share
price as of close 10th July 2015 was NOK 64.75.
Following this transaction, Ocean Yield holds 86 450
treasury shares, equal to 0.06% of the outstanding shares
in the Company.
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