Mowi Group employees have been invited to buy shares in the company at a discounted price. So far, 860 have taken up the offer.
Mowi is the largest listed fish farm group worldwide. It rolled out its share offer to all permanent employees in the group and in its subsidiaries in Norway, Canada and Scotland, with three alternatives:
Alternative 1: Purchase 42 shares at a value of approximately NOK 7,500 and a purchase price around NOK 6,000.
Alternative 2: Purchase 83 shares at a value of approximately NOK 15,000 and a purchase price around NOK 12,000.
Alternative 3: Purchase 165 shares at a value of approximately NOK 30, a taxable discount of NOK 1,000 and a purchase price around NOK 24,000.
Employees in Norway also benefit from a tax free discount of NOK 1,500, NOK 3,000 or NOK 1,000 for alternatives 1, 2 and 3 respectively. The offer is based on the average purchasing price of the company’s shares on 11 November 2020 of NOK 182.4868 per share. In total, Mowi says it will sell 130,379 shares to its employees.