AKVA Group ASA Announces Equity Allocation to Executives
AKVA Group ASA Shares Distribution Overview
AKVA Group ASA, known for its innovations in aquaculture technology, has recently allocated shares under its long-term incentive program. This strategic move allows the company to further engage its primary insiders in the ownership and growth of the business. The allocation of these shares occurred recently and is based on the Company's treasury shares, demonstrating AKVA Group's commitment to rewarding its executive team.
Key Allocations to Primary Insiders
The allocations saw several primary insiders receiving shares, further solidifying their investment in the Company's future. Here are the details of the distributions:
- Nesse & Co AS, controlled by CEO Knut Nesse: 23,418 shares
- Ronny Meinkøhn (CFO): 11,709 shares
- Kristian Botnen (COO Sea Based Nordic): 5,260 shares
- Johan Fredrik Gjesdal (COO Land Based): 5,260 shares
- Glenn Mo (COO Egersund Net): 5,260 shares
- Asle Kjetil Bratteli (CDO): 5,260 shares
- Ståle Økland (Group Director of Communications and ESG): 5,260 shares
- Maren Hognestad Sunde (Group HR Director): 5,260 shares
Following these distributions, the new shareholdings are as follows:
- Knut Nesse: 294,372 shares
- Ronny Meinkøhn: 35,127 shares
- Kristian Botnen: 16,939 shares
- Johan Fredrik Gjesdal: 17,487 shares
- Glenn Mo: 15,780 shares
- Asle Kjetil Bratteli: 15,780 shares
- Ståle Økland: 15,780 shares
- Maren Hognestad Sunde: 15,780 shares
Understanding the Long-Term Incentive Program
This allocation is part of AKVA Group ASA's long-term incentive program aimed at enhancing the alignment of its executives' interests with those of its shareholders. By increasing stake ownership among the leadership team, AKVA Group is focused on fostering a culture of accountability and shared success.
The guidelines governing this incentive program have been publicly shared, with the most recent document released outlining the parameters for determining wages and other forms of compensation for the executive management team.
Accountability and Compliance
AKVA Group ASA emphasizes transparency and accountability, adhering to all regulatory requirements. The information regarding share allocation is subject to the disclosure obligations outlined under Regulation EU 596/2014 (MAR) and the Norwegian Securities Trading Act. This compliance underscores the Company’s commitment to keeping all stakeholders fully informed regarding significant corporate actions.
Conclusion
As part of its ongoing strategy to enhance engagement and foster growth, AKVA Group ASA has successfully completed its latest round of share allocations to its primary insiders. This initiative not only strengthens the leadership's investment in the Company but also aligns their efforts with the overall success of AKVA Group ASA within the evolving aquaculture sector.
Contacts
If stakeholders require further information, they can reach out to the key executives:
- Knut Nesse, Chief Executive Officer
Phone: +47 51 77 85 00
Mobile: +47 91 37 62 20
Email: knesse@akvagroup.com - Ronny Meinkøhn, Chief Financial Officer
Phone: +47 51 77 85 00
Mobile: +47 98 20 67 76
Email: rmeinkohn@akvagroup.com
Frequently Asked Questions
What is the purpose of the share allocation at AKVA Group ASA?
The share allocation aims to incentivize primary insiders by increasing their ownership in the company, thus aligning their goals with shareholders.
Who received shares in this latest allocation?
Key executives including the CEO, CFO, and various COOs received shares, supporting their financial stakes in the company.
How many treasury shares does AKVA Group ASA hold after the distribution?
After the latest allocations, AKVA Group ASA holds a total of 292,029 treasury shares.
Is AKVA Group ASA compliant with EU regulations regarding disclosures?
Yes, the company adheres to disclosure requirements under Regulation EU 596/2014 (MAR) and the Norwegian Securities Trading Act.
Where can I find more information about AKVA Group ASA's incentive programs?
Detailed information about the long-term incentive program can be found in the publicly published guidelines by AKVA Group ASA.
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