Selvaag Bolig ASA: Employee share purchase
A total of 36 Selvaag Bolig employees have purchased 148 393 shares through the company's share-saving programme. The shares were acquired at a discounted price of NOK 23.95 per share.
The shares will be transferred from the company's holding of own shares.
A total of 87 Selvaag Bolig employees were offered the opportunity to buy shares worth up to NOK 200 000 through the programme. The offer included a discount of NOK 20 per cent on the shares as well as financing assistance. The lock-up period for holding the shares is two years.
The subscription period ran from 16-30 November. Subsequent to the purchase Selvaag Bolig holds 2 002 402 own shares.
The following primary insiders have purchased shares:
Christopher Brunvoll, director (elected by the employees), purchased 8 349 shares and now holds 16 349 shares.
Magnus Kristiansen, chief group accountant, purchased 2 087 shares and now holds 12 087 shares.
Rune Magnus Thomassen, deputy director (elected by the employees), purchased 8 349 shares and now holds 12 349 shares.
Marianne Ørnsrud, deputy director (elected by the employees), purchased 1 669 shares and now holds 7 919 shares.
Mats Tveit, vice president economy and administration, purchased 8 349 shares and now holds 18 599 shares.
The company's management will be offered discounted shares through a separate share-purchase programme.
Further information from
Sverre Molvik, CFO
Telephone: +47 401 00 585, e-mail: smo@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 marketed under the brand names Start, Hjem and Pluss. The company is headquartered at Ullern in Oslo.