Hamilton, Bermuda, December 14, 2021
In September 2021, the Board of Himalaya Shipping Ltd. (“Himalaya” or the “Company”) resolved the framework for a long-term incentive plan for Himalaya’s directors and other key human resources (the “LTI Plan”). The Board has allocated up to 800,000 of the Company's authorised but unissued share capital as settlement upon exercise of the options granted under the LTI Plan.
The Board has now resolved to grant in total of 500,000 share options to directors and other key human resources under the Company's LTI Plan. Each share option gives the holder the right to purchase one share in the Company at an exercise price of USD 8.00. The share options will vest over a period of three years and expire 5 years after the grant date.
Following the grant, the total number of outstanding share options are 500,000.
The following primary insiders were granted options:
Vidar Hasund (Contracted CFO), was granted 100,000 options, following which he holds in total 100,000 options and 10,000 shares in the Company
Olav Eikrem (Contracted CTO), was granted 100,000 options, following which he holds in total 100,000 options and 50,000 shares in the Company.
Bjørn Isaksen (Director), was granted 150,000 options, following which he holds in total 150,000 options and 300,000 shares on a forward contract in the Company.
Carl Erik Steen (Director), was granted 75,000 options, following which he holds in total 75,000 options and 95,238 shares in the Company.
Georgina Sousa (Director), was granted 50,000 options, following which she holds in total 50,000 options in the Company.
For further queries, please contact:
Vidar Hasund, Contracted Chief Financial Officer
Telephone +47 913 61 726
About Himalaya Shipping Ltd.:
Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has ordered 12 LNG dual fuelled Newcastlemax dry bulk carriers with delivery between Q2 2023 and Q4 2024
