Primary insider disclosure
20 Dec 2020
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 of Ocean Yield ASA, has through his wholly owned company Finmarine AS acquired 30,000 shares in Ocean Yield. Upon completion of such acquisition, Lars Solbakken will own, directly or indirectly, 1,700,880 shares in the Company. Marius Magelie, SVP Finance & Investor Relations, has through his wholly owned company MGM Invest AS committed to acquire 7,000 shares in Ocean Yield. Upon completion of such acquisition, Marius Magelie will own, directly or indirectly, 156,620 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 18th December 2020 of NOK 26.3 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 the Company.This information is subject of the disclosure requirements pursuant to section 5-2 and 4-2 of the Norwegian Securities Trading Act. Company contact:Eirik Eide (CFO), Tel +47 24 13 01 91Investor Relations contact:Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82Company information:Ocean Yield ASA is a ship owning company with investments in vessels on long-term charters. The company has a significant contract backlog that offers visibility with respect to future earnings and dividend capacity.