Selvaag Bolig ASA: Employee share purchase
A total of 33 Selvaag Bolig employees have purchased 42 961 shares through the company's share-saving programme. The shares were acquired at a discounted price of NOK 33.40 per share.
The shares will be transferred from the company's holding of own shares.
A total of 82 Selvaag Bolig employees were offered the opportunity to buy shares worth up to NOK 50 000 through the programme. The offer included a discount of 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 530 813 own shares.
The following primary insiders have purchased shares:
- Christopher Brunvoll, deputy director (elected by the employees), purchased 1 497 shares and now holds 4 000 shares.
- Magnus Kristiansen, chief group accountant, purchased 1 497 shares and now holds 8 998 shares.
- Rune Magnus Thomassen, director (elected by the employees), purchased 1 497 shares and now holds 4 000 shares.
- Mats Tveit, vice president economy and administration, purchased 1 497 shares and now holds 10 250 shares.
The company's management will be offered discounted shares through a separate share-purchase programme.
Further information from
Sverre Molvik, CFO, Selvaag Bolig ASA
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 60-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.
www.selvaagboligasa.no/en