Marine Harvest announced today that it was buying back 3.7 million of its own shares for resale to company executives.
The company bought the shares on 21 August, at a rate of NOK 5.90 (USD 0.97, EUR 0.73) per share, and then sold them to 51 senior executives at the company. Under a price bonus program that began in 2010, the executives who bought the shares back this week gained a cash bonus of NOK 5.97 (USD 0.98, EUR 0.73) per share, based on the difference in price of the shares from 2010 to today.
The executives are required to use the bonus to acquire new shares in Marine Harvest at the current rates.
Following the resale of the shares, Marine Harvest holds 409,698 own shares.
The company bought the shares on 21 August, at a rate of NOK 5.90 (USD 0.97, EUR 0.73) per share, and then sold them to 51 senior executives at the company. Under a price bonus program that began in 2010, the executives who bought the shares back this week gained a cash bonus of NOK 5.97 (USD 0.98, EUR 0.73) per share, based on the difference in price of the shares from 2010 to today.
The executives are required to use the bonus to acquire new shares in Marine Harvest at the current rates.
Following the resale of the shares, Marine Harvest holds 409,698 own shares.
