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Mandatory notification of trade

Pursuant to the terms of Odfjell SE's Long-term Incentive Program, the Executive Management may receive a cash amount, where the net amount less tax shall be used to purchase A-shares in the Company.

On March 24, 2023, the Board of Directors decided, in accordance with the terms of such incentive program, to pay out a cash amount to members of the Executive Management which in turn (after tax) has been used to acquire a total of 41,069 Class A-shares in the Company on March 24, 2023.

The purchase price paid for the shares is NOK 81.63, corresponding to the volume-weighted average share price on the Oslo Stock Exchange in the last 14 trading days of 2022.

To facilitate the above-mentioned acquisition of shares, the Company has on March 24, 2023, sold 41,069 Class A-shares (treasury shares) to the eligible participants at a purchase price of NOK 81.63 per share. The acquired shares are restricted with a holding period of three years with certain customary exemptions.

The following primary insiders in the Company have acquired shares in connection with the above-mentioned incentive plan, and have, following this, the following number of shares in the Company:

 Name and title

 Shares acquired 

 Total number of shares held in the company 

 Harald Fotland, CEO

 16,753

 69,688 Class A shares/4,000 Class B shares 

 Terje Iversen, CFO

 5,364

 59,287 Class A shares

 Øistein Jensen, CSO

 4,236

 53,168 Class A shares

 Bjørn Hammer, CCO

 5,611

 24,497 Class A shares

 Adrian Lenning, MD Terminals

 4,976

 23,317 Class A shares

 Torger Trige, CTO

 4,129 

 12,461 Class A shares/190 Class B shares

 

IR Contact:

Nils Jørgen Selvik, VP Corporate Analysis & IR
Tel: +47 920 39 718
E-mail: nils.jorgen.selvik@odfjell.com

Terje Iversen, CFO
Tel: +47 932 40 59
E-mail: terje.iversen@odfjell.com

 

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