Selvaag Bolig ASA: Notifiable trades for primary insiders


A total of 43 Selvaag Bolig employees have purchased 377 206 shares through the company's share-saving programme and purchase programme for selected senior executives. The shares had a purchase price of NOK 50.77 per share 

A total of 73 employees were offered the opportunity to buy shares worth up to NOK 200 000 through the company's share-saving programme. The offer included a discount of 20 per cent on the shares as well as financing assistance. The lock-up period is two years.

Four senior executives were offered the opportunity to acquire shares worth up to one year's salary through the company's share purchase programme. The offer included a discount of 30 per cent. The lock-up period is tree years. 

The subscription period ran from 25 November - 2 December. The shares will be transferred from the company's holding of own shares. Subsequent to the purchase Selvaag Bolig holds 267 169 own shares.

 

The following primary insiders have purchased shares:

Share purchase programme (tree year lock up period and 30 per cent discount)

Sverre Molvik, CEO, purchased 101 297 shares and now holds 377 937 shares.

Øystein Klungland, COO, purchased 101 297 shares and now holds 377 937 shares.

Kristoffer Gregersen, Vice president Communications and Market, purchased 43 445 shares and now holds 176 840 shares.

Petter Cedell, Vice president Property Investment, purchased 28 138 shares and now holds 84 297 shares.

 

Share-saving programme (two year lock up period and 20 per cent discount)

Magnus Kristiansen, chief group accountant, purchased 4 924 shares and now holds 24 273 shares.

Camilla Stensrud, deputy director (elected by the employees), purchased 492 shares and now holds 492 shares.

Marianne Ørnsrud, deputy director (elected by the employees), purchased 3 693 shares and now holds 10 723 shares.

Mats Tveit, economy and administration manager, purchased 4 924 shares and now holds 24 090 shares.

 

Further information from

Sverre Molvik, CEO, Selvaag Bolig ASA
Telephone: +47 401 00 585, e-mail: smo@selvaagbolig.no

Kristoffer Gregersen, vice president communications and market, Selvaag Bolig ASA
Telephone: +47 957 75 593, e-mail: kgr@selvaagbolig.no

 

Selvaag Bolig ASA is a residential property developer controlling the entire value chain from acquisition of land to sale of homes. The company has several thousand homes under development at any given time, and focuses on the growth areas in and around Greater Oslo, Bergen, Stavanger and Trondheim. Selvaag Bolig represents a continuation of Selvaag's 70-year history and experience, and offers a broad variety of property types. The company is headquartered at Ullern in Oslo.

www.selvaagboligasa.no/en
 

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

https://news.cision.com/selvaag-bolig-asa/r/selvaag-bolig-asa--notifiable-trades-for-primary-insiders,c3248252

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