Initiation of share repurchase program in relation to employee share program
1 February 2013: Borregaard ASA ("Borregaard", OSE
Borregaard announces its intent to repurchase up to
500,000 shares of its outstanding common stock in
relation to the employee share program. Borregaard
was given authority by its shareholders at an
Extraordinary General Meeting held on 17 September
2012 to repurchase up to ten percent of its
outstanding shares. According to the proxy, the
highest price to be paid is NOK 100,00 per share.
The repurchase of shares will be conducted in the
period from 15 up to and including 28 February 2013.
The maximum daily volume to be purchased during the
above-mentioned period is 185,000 shares. All shares
will be purchased in the regulated market (OSX).
Borregaard has appointed ABG Sundal Collier to carry
out the repurchase program according to the rules and
regulations of the Oslo Stock Exchange (see
This information is subject to the disclosure
requirements pursuant to the Norwegian Securities
Trading Act Section 5-12.
Investor Relations contacts:
Director of Investor Relations, +47 95 83 63 35
Investor Relations Officer, +47 922 86 909