The Board of Directors of Marine Harvest ASA (the "Company") has resolved to offer all permanent employees in the Company and its Norwegian subsidiaries the opportunity to purchase shares in the Company within the scope of the Norwegian Tax Act §5-14 (The employees' opportunity to purchase shares at below market price).
The offer to the employees is based on the price for the Company's shares on 7 December 2011, NOK 2.5945 per share.
The relevant rules in the Tax Act provide the employees with a right to purchase shares with a rebate of up to NOK 1,500 in such offer. Based on the above, the permanent employees have been offered to purchase 2,891 shares in the Company at a value of approx. NOK 7,500 against a purchase price of approx. NOK 6,000.
At the end of the acceptance period on 7 December this year, the Company had received acceptances of this offer for a total of 1,170,855 shares. In order to comply with its obligations under the acceptances received, the Company has, on 7 December 2011, purchased 1,170,855 shares in the market at an average price of NOK 2.5945. These shares will be sold to the employees having accepted to participate in the share program on the terms referred to above.
Ten primary insiders in the Company have chosen to participate in the share purchase programme for employees. These participants have on aggregate subscribed to purchase 28,910 shares.
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Primary insider Alf-Helge Aarskog (CEO) has purchased 2,891 shares. After the purchase, Aarskog holds 252,891 shares in the Company.
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Primary insider Marit Solberg (Farming Director) has purchased 2,891 shares. After the purchase, Solberg holds 245,707 shares in the Company.
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Primary insider Jørgen K Andersen (CFO) has purchased 2,891 shares. After the purchase, Andersen holds 297,463 shares in the Company.
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Primary insider Henrik Heiberg (VP Finance & Treasury/Finance Director) has purchased 2,891 shares. After the purchase, Heiberg holds 183,341 shares in the Company.
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Primary insider Pedro S Leite (VP/Director of Tax and Legal) has purchased 2,891 shares. After the transaction, Leite has a total holding of 86,564 shares in Marine Harvest through PSL Holding AS, which is wholly owned by Mr Leite.
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Primary insider Rune Hegrestad (Group Director IT) has purchased 2,891 shares. After the transaction, Hegrestad holds 84,808 shares.
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Primary insider Lise Merethe Holen Martinsen (VP Accounting and Controlling) has purchased 2,891 shares. After the purchase, Martinsen holds 85,097 shares in the Company.
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Primary insider Jørgen Christiansen (Communications Director) has purchased 2,891 shares. After the purchase, Christiansen holds 2,891 shares in the Company.
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Primary insider Hedvig Lima (Senior Accounting Manager) has purchased 2,891 shares. After the transaction Lima holds 10,114 shares in the Company.
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Primary insider Turid Lande Solheim (Board member elected by employees) has purchased 2,891 shares. After the transaction Solheim holds 2,891 shares in the Company.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)