Selvaag Bolig ASA: Mandatory notification of trades by primary insiders
A total of 41 Selvaag Bolig employees have purchased 455 236 shares through the company's share-saving programme and purchase programme for selected senior executives. The shares had a purchase price of NOK 50.76 per share
A total of 72 employees were offered the opportunity to buy shares worth up to NOK 200 000 through the company’s share-saving programme. The offer included a discount of 20 per cent on the shares as well as financing assistance. The lock-up period is two years.
Six senior executives were offered the opportunity to acquire shares worth up to one year’s salary through the company’s share purchase programme. The offer included a discount of 30 per cent. The lock-up period is three years.
The subscription period ran from 25 November – 2 December. The price per share is the stock market price (volume-weighted average price for the final 10 days of stock exchange trading before the programme opened)
For detailed information about the share programmes reference is made to page 31 of the 2020 annual report.
The transaction was completed on 2 December.
The shares will be transferred from the company's holding of own shares. Subsequent to the purchase Selvaag Bolig holds 11 933 own shares.
The following primary insiders have purchased shares:
Share purchase programme (tree year lock up period and 30 per cent discount)
Sverre Molvik, CEO, purchased 104 131 shares and now holds 399 901 shares.
Øystein Klungland, COO, purchased 104 131 shares and now holds 376 995 shares.
Christopher Brunvoll, CFO, purchased 58 257 shares and now holds 67 139 shares.
Kristoffer Gregersen, Vice president Communications, Sustainability and Corporate strategy, purchased 47 844 shares and now holds 163 391 shares.
Petter Cedell, Vice president Property Investment, purchased 28 144 shares and now holds 98 026 shares.
Line Lian Mjell, Vice president Market, purchased 18 176 shares and now holds 18 176 shares.
Share-saving programme (two year lock up period and 20 per cent discount)
Line Wegger, deputy director (elected by the employees), purchased 1 231 shares and now holds 4 934 shares.
Ingar Bolkesjø, deputy director (elected by the employees), purchased 2 462 shares and now holds 4 847 shares.
Magnus Kristiansen, deputy director (elected by the employees), purchased 4 925 shares and now holds 25 289 shares.
Further information from
Sverre Molvik, CEO, Selvaag Bolig ASA
Telephone: +47 401 00 585, e-mail: email@example.com
Kristoffer Gregersen, EVP communications, sustainability and corporate strategy, Selvaag Bolig ASA
Telephone: +47 957 75 593, e-mail: firstname.lastname@example.org
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. The company is headquartered at Ullern in Oslo.
This release was distributed by Kristoffer Gregersen, EVP communications and sustainability, Selvaag Bolig ASA.
This information is subject to the disclosure requirements pursuant to §5-12 of the Norwegian Securities Trading Act and requirements under the EU Market Abuse Regulation.