Selvaag Bolig ASA: Buyback of own shares for employee share purchase programmes

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The buyback covers the repurchase of up to 200 000 shares, corresponding to 0.2 per cent of the shares in Selvaag Bolig ASA. Shares bought back will be utilised for the company’s incentive programmes – the share purchase programme for company management and the share saving programme for other employees.

Shares worth approximately NOK 12 million are to be purchased. The buyback will take place during September 2021, starting on the 7th of the month. Buying will take place in tranches, with daily purchases limited to a maximum of 25 per cent of the average daily volume traded. The company will report its purchases every seventh day until the volume of 200 000 shares has been reached.

The buyback accords with the mandate provided by the company’s annual general meeting in April 2021. For more information on this mandate, see item 11 in the minutes of the AGM held on 27 April 2021. For information on the incentive programmes, see page 31 in the company’s annual report for 2020.

Shares acquired will be transferred to participants in the programmes in December 2021. Those not allocated in December will be utilised in later rounds of the share programmes.

Selvaag Bolig ASA has commissioned DNB Markets to implement the buybacks.

 

Further information from:
Sverre Molvik, CEO, Selvaag Bolig ASA
Telephone: +47 40 10 05 85, e-mail: smo@selvaagbolig.no

Kristoffer Gregersen, executive vice president communications and strategy, Selvaag Bolig ASA
Telephone: +47 95 77 55 93, 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. The company is headquartered at Ullern in Oslo.

www.selvaagboligasa.no/en

 

This release was distributed by Kristoffer Gregersen, executive vice president communications and strategy Selvaag Bolig ASA.

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

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