Selvaag Bolig ASA - Allocation to primary insiders
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, HONG KONG OR JAPAN OR ANY OTHER
JURISDICTION IN WHICH SUCH DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS STOCK EXCHANGE
NOTICE.
Oslo, 11 June 2012: Selvaag Bolig ASA ("Selvaag Bolig" or the "Company", ticker "SBO")
Reference is made to the stock exchange notice dated 22 May 2012 regarding the contemplated Initial Public Offering in Selvaag Bolig (the "Offering") and announcement of transaction details, the stock exchange releases dated 8 June 2012 regarding extensions and offer price, as well as the stock exchange release of 11 June 2012 regarding allocation of shares in the Offering.
The following primary insiders of Selvaag Bolig and related parties have on 10 June 2012 been allocated shares in the Offering:
Christopher Brunvoll, board member (employee representative), including related parties, has been allocated 6,250 shares at a price of NOK 16, and will after delivery of the shares hold 6,250 shares in Selvaag Bolig.
Petter Cedell, Director Real Estate Investments, including related parties, has been allocated 656 shares at a price of NOK 16, and will after delivery of the shares hold 656 shares in Selvaag Bolig.
Mari-Anne Hoel, assistant to CEO, including related parties, has been allocated 3,125 shares at a price of NOK 16, and will after delivery of the shares hold 3,125 shares in Selvaag Bolig.
Halvard Kverne, Project Director, including related parties, has been allocated 6,250 shares at a price of NOK 16, and will after delivery of the shares hold 6,250 shares in Selvaag Bolig.
Sverre Molvik, Project Director, including related parties, has been allocated 6,250 shares at a price of NOK 16, and will after delivery of the shares hold 6,250 shares in Selvaag Bolig.
Anne Grethe Storaker, Sales and Marketing Director, including related parties, has been allocated 6,250 shares at a price of NOK 16, and will after delivery of the shares hold 6,250 shares in Selvaag Bolig.
Bård Henrik Sydow, deputy board member (employee representative), including related parties, has been allocated 937 shares at a price of NOK 16, and will after delivery of the shares hold 937 shares in Selvaag Bolig.
Mats Tveit, Finance Director, including related parties, has been allocated 6,250 shares at a price of NOK 16, and will after delivery of the shares hold 6,250 shares in Selvaag Bolig.
Haavard Rønning, Chief Financial Officer, including related parties, has been allocated 6,250 shares at a price of NOK 16, and 31,050 shares at a share price of NOK 20, and will after delivery of the shares hold 37,300 shares in Selvaag Bolig.
Baard Schumann, Chief Executive Officer, including related parties, has been allocated 6,248 shares at a price of NOK 16, and 25,075 shares at a price of NOK 20, and will after delivery of the shares hold 31,323 shares in Selvaag Bolig.
Liv Gisele Marchand, board member, including related parties, has been allocated 5,000 shares at a price of NOK 20, and will after delivery of the shares hold 5,000 shares in Selvaag Bolig.
Jawendel AS, a company closely related to Wenche Kjølås, board member, including related parties, has been allocated 5,000 shares at a price of NOK 20, and will after delivery of the shares hold 5,000 shares in Selvaag Bolig.
Olav Selvaag, Chairman of the board, including related parties, has been allocated 51,574 shares at a price of NOK 20, and will after delivery of the shares hold 51,574 shares in Selvaag Bolig.
Selvaag Gruppen AS, the main shareholder in Selvaag Bolig, has been allocated 8,750,000 shares at a price of NOK 20, and will after delivery of the shares hold 50.180.087 shares in Selvaag Bolig.
For further information, please contact:
Baard Schumann, CEO Selvaag Bolig
Phone: +47 940 80 000, e-mail: bas@selvaagbolig.no
or
Haavard Rønning, CFO Selvaag Bolig
Phone: +47 400 20 019, e-mail: hroe@selvaagbolig.no
About Selvaag Bolig:
Selvaag Bolig ASA is a residential developer that provides different housing concepts to suit aspirations of different households in and around main cities in Norway and over time in selected cities in Scandinavia. The Company's prime focus is the Greater Oslo area, Stavanger, Bergen and Stockholm; areas with large and growing populations. The Company acquires and develops new residential land plots, and controls the entire value chain from acquisition of the land plots to the sale and delivery of the residential units. The Company targets a delivery of 1,500 residential units per year, and has a land portfolio on which it can develop approximately 9,000 residential units. Selvaag Bolig targets broad customer groups through the residential living concepts Selvaag Start, Selvaag Hjem and Selvaag Pluss. The Company is headquartered at Løren in Oslo.