Lerøy Seafood Group CEO, financial manager buy thousands of shares in company

Published on
November 21, 2019

Lerøy Seafood Group CEO Henning Beltestad and Financial Manager Annichen Edvardsen have both purchased thousands of shares in the company, according to a recent notification.

Beltestad, according to the notification of trade, purchased 20,000 shares in Lerøy Seafood Group valued at an average price of NOK 54.68 (USD 5.99, EUR 5.41) per share. That equates to roughly NOK 1.1 million (USD 118,852, EUR 107,293) in value. After the transaction, Beltestad’s ownership in Lerøy Seafood Group is 20,000 shares.

Annichen Edvardsen bought significantly fewer shares: 1,000 at an average of NOK 54 (USD 5.92, EUR 5.34) per share. That equates to NOK 54,000 (USD 5,920, EUR 5,345) worth of shares, and puts his ownership at 2,200 shares.

The share purchases come just days after Lerøy Seafood Group received a subpoena from the U.S. Department of Justice (DOJ), which took place on 15 November. The subpoena is part of a criminal investigation into allegations of price-fixing in Norway’s farmed salmon industry. Both Grieg Seafood and SalMar also received subpoenas in the investigation. 

Photo courtesy of Lerøy Seafood Group

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