Primary Insider Disclosure


26 Feb 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"):

  • Andreas Røde, Head of Business Development and M&A, has through his wholly owned company Vulpes Holding AS acquired 10,000 shares in Ocean Yield. Upon completion of such acquisition, Andreas Røde will own, directly or indirectly, 55,000 shares in the Company.
  • Andreas Reklev, SVP Investments, has through his wholly owned company Reklev Invest AS acquired 10,000 shares in Ocean Yield. Upon completion of such acquisition, Andreas Reklev will own, directly or indirectly, 40,000 shares in the Company.

The acquisition of shares has been made as part of the Company's management incentive program. The price paid per share will equal the closing price as of 26 February 2020 of NOK 40.25 per share, less a discount of 20% reflecting that the shares will have a lock-up period of three years.
 

This information is subject of the disclosure requirements pursuant to section 5 -2 and 4-2 of the Norwegian Securities Trading Act.