Moreld completes 2025 employee share incentive program, raises over 23m kroner

Moreld ASA has concluded its 2025 employee share incentive program (ESSP), allowing eligible employees to purchase ordinary shares at an offer price of 17.83 kroner per share. This price was determined by the volume-weighted average price of shares between July 8 and August 18, 2025, adjusted for a 0.42 kroner dividend distributed on August 26, 2025.

The application period closed on August 29, 2025, with 486 employees, approximately 25% of the total workforce, subscribing to a total of 1,294,378 shares. The aggregated subscriptions generated gross proceeds of 23,078,760 kroner for the company.

Settlement for the ESSP will be facilitated through existing unencumbered shares, which Moreld acquired via a self-tender offer completed on July 10, 2025, and a non-discretionary share buy-back program that ran from July 11 to August 20, 2025. Following the delivery of shares to participating employees, Moreld ASA will hold 2,013,822 treasury shares. To encourage long-term commitment, employees who retain their shares acquired under the ESSP until August 29, 2027, and August 29, 2028, will receive matching shares from Moreld ASA.