Lerøy pockets £12 million
Marine Harvest ASA's Chairman Ole-Eirik Lerøy raised NOK 145,747,000 (£12.4 million) yesterday through the sale of shares in MH, despite at least one analyst predicting it was a good time to buy stocks in the company.
The deal was done through Framar AS and Profond AS, two companies owned by the chairman. Framar sold 1,000,000 shares in Marine Harvest, while Profond sold 122,000 shares – both at a price of NOK 129.90 per share.
Lerøy and his affiliates still hold 2,100,000 shares in Marine Harvest, corresponding to 0.47% of the issued share capital.
Meanwhile Alf-Helge Aarskog, Marine Harvest’s CEO, sold 100,000 shares at a price of NOK 131.11 per share, thus raising NOK 13,111,000 (£1.1 million).
Interestingly, many analysts see it as being a better time to buy rather than sell shares in MH.
Indeed, as Swedbank's Marius Gaard told kyst.no: “MHG's stock has done much worse than the other salmon stocks and it is not expensive compared to the other shares. Expectations should be up and the momentum will remain. We think the stock will outperform other salmon stocks."
