Selvaag Bolig ASA: Notifiable trades for primary insiders

A total of 66 Selvaag Bolig employees have purchased 492 693 shares through the company's share-saving programme and purchase programme for selected senior executives. The shares had a purchase price of NOK 63.16 per share 

A total of 83 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 tree years. 

The subscription period ran from 2 December – 6 December. The shares will be transferred from the company's holding of own shares. Subsequent to the purchase Selvaag Bolig holds 344 375 own shares.

The following primary insiders have purchased shares:

Share purchase programme (tree year lock up period and 30 per cent discount)

Rolf Thorsen, CEO, purchased 75 725 shares and now holds 75 725 shares.

Sverre Molvik, CFO, purchased 78 395 shares and now holds 434 621 shares.

Øystein Klungland, Vice president Greater Oslo, purchased 78 395 shares and now holds 362 672 shares.

Halvard Kverne, Vice president Regions, purchased 57 586 shares and now holds 413 812 shares.

Kristoffer Gregersen, Vice president Communications and Market, purchased 34 335 shares and now holds 182 710 shares.

Petter Cedell, Vice president Property Investment, purchased 22 618 shares and now holds 72 246 shares.

Share-saving programme (two year lock up period and 20 per cent discount)

Sissel Kristensen, director (elected by the employees), purchased 3 958 shares and now holds 3 958 shares.

Christopher Brunvoll, deputy director (elected by the employees), purchased 3 958 shares and now holds 26 916 shares.

Magnus Kristiansen, chief group accountant, purchased 3 958 shares and now holds 19 349 shares.

Rune Magnus Thomassen, director (elected by the employees), purchased 3 958 shares and now holds 22 916 shares.

Marianne Ørnsrud, deputy director (elected by the employees), purchased 2 968 shares and now holds 13 530 shares.

Mats Tveit, economy and administration manager, purchased 3 958 shares and now holds 29 166 shares.

Further information from

Rolf Thorsen, CEO, Selvaag Bolig ASA
Telephone: +47 901 19 373, e-mail: rt@selvaagbolig.no

Sverre Molvik, CFO, Selvaag Bolig ASA
Telephone: +47 401 00 585, e-mail: smo@selvaagbolig.no

Kristoffer Gregersen, vice president communications and market, Selvaag Bolig ASA
Telephone: +47 957 75 593, 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, and offers a broad variety of property types. The company is headquartered at Ullern in Oslo.

www.selvaagboligasa.no/en
 

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