Selvaag Bolig ASA: Selvaag Bolig pays an extraordinary dividend of more than NOK 2 billion

Selvaag Bolig proposed to the general meeting that it sell large parts of its land bank to Urban Property. This NOK 3.4 billion transaction has now been implemented, and the board of Selvaag Bolig has resolved to pay a dividend of NOK 22.00 per share.    

Urban Property is a new company structure which has been established to purchase and own Selvaag Bolig’s sites. It will also have a pre-emptive right to buy all new land Selvaag Bolig wants to develop. The properties will be repurchased by Selvaag Bolig in stages.

The two companies will be long-term and strategic partners, and Selvaag Bolig will have a pre-emptive right and option to repurchase the land.

Selvaag Bolig has paid NOK 14.30 per share in dividend since 2013. The total annual dividend in 2018 was NOK 4.50. A dividend of NOK 2.00 was paid for the first half of 2019. 

Further information from:

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

Rolf Thorsen, CEO, Selvaag Bolig ASA
Telephone: +47 901 19 373, e-mail: rt@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.