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Mandatory notification of trade

Pursuant to Odfjell’s Employee Share Purchasing Program (“ESPP”), approved by the Annual General Meeting on May 7, 2024, the first subscription period was completed on September 6, 2024. The ESPP offers Odfjell’s employees in Norway to purchase a limited number of shares twice a year at a price adjustment in relation to the stock exchange price. The shares will have a two-year lock-in period, and the price adjustment will reflect the value of the lock-in period.

The purchase price paid is NOK 121.04 for class A shares and NOK 118.26 for class B shares.

The price corresponds to the volume-weighted average price on the Oslo Stock Exchange in the ten trading days during the subscription period from August 26, 2024 to September 6, 2024.

To facilitate shares acquired as part of the ESPP, Odfjell has today sold 14,355 Class A-shares (treasury shares) and 2,366 Class B-shares (treasury shares) to the eligible participants.  

The below listed primary insiders have acquired shares in connection with the ESPP, and have after this, the following number of shares in Odfjell:

 

Name and title

Shares acquired

Total number of shares held in the company

Harald Fotland, CEO

495 Class A shares

85,715 Class A shares
4,000 Class B shares

Terje Iversen, CFO

507 Class B shares

63,634 Class A shares
507 Class B Shares

Bjørn Hammer, CCO

495 Class A shares

30,871 Class A shares

Torger Trige, CTO

495 Class A shares

16,335 Class A shares
190 Class B shares

Øistein Jensen, CSO

495 Class A shares

57,954 Class A shares

Adrian Lenning, MD Terminals

495 Class A shares

15,422 Class A shares

Nils Jørgen Selvik, VP Finance & IR

495 Class A shares

495 Class A Shares

 

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


The Odfjell Group is one of the leading players in the global market for seaborne transportation and storage of chemicals and other specialty bulk liquids. The Odfjell fleet comprises of approx. 70 ships, which trade both globally and regionally. The tank terminal division consists of four tank terminals and is part of a network of another 10 tank terminals partly owned by related parties. The tank terminals are strategically located at selected international shipping hubs. The Odfjell Group’s headquarters are in Bergen, Norway, and the Group has offices in 13 locations around the world. Odfjell employs around 2300 staff and posted annual gross revenue of USD 1194 million in 2023. Read more on Odfjell.com
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. 

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