Mowi staff offered discounted shares

Mowi has offered hundreds of its full-time employees, in Norway and elsewhere, the opportunity to buy shares in the company at a discounted price. The decision was announced to the Oslo Stock Exchange yesterday afternoon. The offer is based on the average purchasing price for the Company's shares on 1 December 2022 of NOK 155.3365 per share. The Board of Directors of Mowi ASA had approved an offer giving all permanent employees in the company – and its Norwegian, Scottish and Canadian subsidiaries – the opportunity to purchase shares in the company at a discounted price. Based on that figure eligible employees were presented with three alternative offers*: Alternative 1: Purchase 48 shares at a value of approximately NOK 7,500, with a taxable discount of NOK 1,500 and a purchase price around NOK 6,000. Alternative 2: Purchase 96 shares at a value of approximately NOK 15,000, with a taxable discount of NOK 3,000 and a purchase price around NOK 12,000. Alternative 3: Purchase 193 shares at a value of approximately NOK 30,000, with a taxable discount of NOK 6,000 and a purchase price around NOK 24,000. Mowi said it  had received acceptances of these offers from just over 970 employees for a total of 175,342 shares to a total value of around NOK 27m (£2.27m). These shares will now be sold on to the employees who have agreed to participate in the offer. Last month Mowi recorded record high third quarter results including an operating profit of NOK 240m euros. *Current exchange rate NOK 11.9 = £1 sterling