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Grieg Seafood executives buy shares, signaling confidence in company

EditorRachael Rajan
Published 11/17/2023, 12:34 AM
© Reuters.
GSFG
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OSLO - Top executives at Grieg Seafood ASA demonstrated their belief in the company's prospects through a series of share purchases on the Oslo Stock Exchange today. CEO Andreas Kvame, CFO Atle Harald Sandtorv, and CCO Erik Holvik collectively bolstered their stakes in the firm, an act often interpreted as a positive signal about a company's financial health.

The transactions are as follows:

  • CEO Andreas Kvame added 3,100 shares at NOK 64.51 each to his holdings, now totaling 43,613 shares.
  • CFO Atle Harald Sandtorv purchased an additional 1,700 shares at NOK 64.49 each, bringing his total to 27,256 shares.
  • CCO Erik Holvik acquired 1,545 shares at NOK 64.70 each, increasing his count to 10,376 shares.

These acquisitions comply with the Norwegian Securities Trading Act's disclosure requirements and Art.19 of the market abuse regulation. The decision by these executives to invest personally in the company they manage sends a strong message to shareholders and potential investors about their commitment and expectation of future growth.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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