A total of 41 Selvaag Bolig employees have purchased 470 509 shares through the company's share-saving programme and purchase programme for selected senior executives. The shares had a purchase price of NOK 37.83 per share
A total of 75 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.
Five 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 28 November to 7 December. The shares will be transferred from the company's holding of own shares. Subsequent to the purchase Selvaag Bolig holds 837 079 own shares.
The following primary insiders have purchased shares:
Share purchase programme (tree year lock up period and 30 per cent discount)
Sverre Molvik, CFO, purchased 93 172 shares and now holds 356 226 shares.
Øystein Klungland, vice president Greater Oslo, purchased 93 172 shares and now holds 352 116 shares.
Halvard Kverne, vice president regions, purchased 93 172 shares and now holds 356 226 shares.
Kristoffer Gregersen, vice president communications and market, purchased 37 767 shares and now holds 169 445 shares.
Petter Cedell, vice president property investment, purchased 15 107 shares and now holds 49 628 shares.
Share-saving programme (two year lock up period and 20 per cent discount)
Christopher Brunvoll, director (elected by the employees), purchased 6 609 shares and now holds 22 958 shares.
Magnus Kristiansen, chief group accountant, purchased 3 304 shares and now holds 15 391 shares.
Rune Magnus Thomassen, deputy director (elected by the employees), purchased 6 609 shares and now holds 18 958 shares.
Marianne Ørnsrud, deputy director (elected by the employees), purchased 2 643 shares and now holds 10 562 shares.
Mats Tveit, economy and administration manager, purchased 6 609 shares and now holds 25 208 shares.
Further information from
Olav H Selvaag, CEO, Selvaag Bolig ASA
Telephone: +47 901 67 388, e-mail: ohs@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.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.