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Ocean Sun AS ( (DE:OW7) ) has issued an update.
Ocean Sun AS has granted 115,000 new share options to its recently hired Chief Product Officer, Ole Jørgen Myrtrøen, as part of a long-term incentive package. The options, which represent 2.27% of the company’s outstanding shares, are priced at a 10% premium to the recent volume-weighted average share price, vest over two and three years, and must be exercised by February 2031, underlining the company’s focus on aligning executive incentives with shareholder value and product development goals.
More about Ocean Sun AS
Ocean Sun AS is a technology company developing floating solar power solutions by combining Norwegian maritime expertise with photovoltaic know-how. Its patented system mounts solar modules on hydro-elastic membranes, aiming to deliver cost and performance advantages over other floating PV designs, and operates from offices in Oslo, Singapore and Shanghai with ambitions to be a leading global provider.
YTD Price Performance: -5.66%
Average Trading Volume: 54,151
Current Market Cap: NOK74.86M
See more insights into OW7 stock on TipRanks’ Stock Analysis page.