Primary insider disclosure
24 Sep 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, 1,670,880 shares in the Company.Eirik Eide, CFO of Ocean Yield ASA, has through his wholly owned company Kleiver Invest AS acquired 30,000 shares in Ocean Yield. Upon completion of such acquisition, Eirik Eide will own, directly or indirectly, 410,051 shares in the Company.Marius Magelie, SVP Finance & Investor Relations, has through his wholly owned company MGM Invest AS committed to acquire 10,000 shares in Ocean Yield. Upon completion of such acquisition, Marius Magelie will own, directly or indirectly, 149,620 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 24th September 2020 of NOK 21.25 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 100,000 shares in the Company through open market purchases, adding to the Company's current holding of 74,371 treasury shares.This information is subject of the disclosure requirements pursuant to section 5-2 and 4-2 of the Norwegian Securities Trading Act.