BW Offshore: New Long-Term Incentive Programme 2024
BW Offshore Limited (BWO) · publisert 2024-03-08 14:18 · vis på NewsWeb
Transaksjoner
| Person | Rolle | Type | Volum | Pris | Dato | ISIN | Handelsplass | Tolket via |
|---|---|---|---|---|---|---|---|---|
| Marco Beenen | CEO of BW Offshore | other | 300 000 | 300 000 NOK | 2024-03-07 | – | Outside a trading venue 2 Notification of transactions by Primary Insiders and Close Associates | rules |
| Ståle Andreassen | CFO of BW Offshore | other | 100 000 | 100 000 NOK | 2024-03-07 | – | Outside a trading venue 3 Notification of transactions by Primary Insiders and Close Associates | rules |
| Rune Bjorbekk | CCO of BW Offshore | other | 100 000 | 100 000 NOK | 2024-03-07 | – | Outside a trading venue 4 Notification of transactions by Primary Insiders and Close Associates | rules |
| Kei Ikeda | COO of BW Offshore | other | 100 000 | 100 000 NOK | 2024-03-07 | – | Outside a trading venue 5 Notification of transactions by Primary Insiders and Close Associates | rules |
| Anders S. Platou | CSO of BW Offshore | other | 100 000 | 100 000 NOK | 2024-03-07 | – | Outside a trading venue 6 Notification of transactions by Primary Insiders and Close Associates | rules |
| Magda Vakil | General Counsel of BW Offshore | other | 100 000 | 100 000 NOK | 2024-03-07 | – | Outside a trading venue | rules |
Vedlegg
- 2024-03-08 Form of notification of trade.pdf (tekst hentet ut)
Meldingstekst
New Long-Term Incentive Programme 2024
The Board of Directors of BW Offshore Limited ("BWO" or the "Company") has
approved a New Long-Term Incentive Programme (LTIP). The programme is a
combination of Share Options and Restricted Share Unit (RSUs), aimed to align
the interests of the participating employees with those of the Company's
shareholders. The programme is discretionary, and participants are invited on an
annual basis.
The total number of options awarded under the LTIP for 2024 is 800,000 where
each option will give the holder the right to acquire one BW Offshore share. A
total of 6 BW Offshore employees have been invited to participate in the Share
Option Programme.
The strike price of the options is calculated based on the volume weighted
average share price five trading days prior to grant date, plus a premium of
15.76% (corresponding to a 5% increase annually over three years). The strike
price for the options awarded on 7 March 2024 is NOK 29.85.
The options will have a vesting period of three years, followed by a three-year
exercise period. Exercise windows will be set by the Company. The options will
expire six years after the award date.
The options are non-tradable and conditional upon the option holder being
employed by the Company and not having resigned or being terminated for cause
prior to the vesting date.
For the year 2024, the Board of Directors has on 7 March 2024 awarded 115,634
RSUs to 19 employees within the Company.
The RSUs will be settled in shares following a three-year vesting period from
the grant date.
The following primary insiders of the Company have been awarded options under
the LTIP for 2024:
1. Chief Executive Officer, Marco Beenen
Options awarded: 300,000
Total number of options: 1,559,372
Shares held: 49,993
2. Chief Financial Officer, Ståle Andreassen
Options awarded: 100,000
Total number of options: 434,355
Shares held: 229,273
3. Chief Commercial Officer, Rune Bjorbekk
Options awarded: 100,000
Total number of options: 512,355
Shares held: 111,424
4. Chief Operating Officer, Kei Ikeda
Options awarded: 100,000
Total number of options: 512,355
Shares held: 24,994
5. Chief Strategy Officer, Anders S. Platou
Options awarded: 100,000
Total number of options: 164,860
Shares held: 0
6. General Counsel, Magda K. Vakil
Options awarded: 100,000
Total number of options: 434,355
Shares held: 14,834 (including ownership of close associate)
For further information, please contact:
Ståle Andreassen, CFO, +47 91 71 86 55
IR@bwoffshore.com or www.bwoffshore.com
About BW Offshore:
BW Offshore engineers innovative floating production solutions. The Company has
a fleet of 5 FPSOs with potential and ambition to grow. By leveraging four
decades of offshore operations and project execution, the Company creates
tailored offshore energy solutions for evolving markets world-wide. BW Offshore
has around 1,200 employees and is publicly listed on the Oslo Stock Exchange.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.