26 July 2013: Borregaard ASA ("Borregaard", OSE ticker: BRG)
Borregaard announces its intent to repurchase up to 1,270,000 shares of its outstanding common stock in relation to satisfy employee incentive programmes. Borregaard was given authority by its shareholders at the Ordinary General Meeting held on 15 April 2013 to repurchase up to ten percent of its outstanding shares. According to the proxy, the highest price to be paid is NOK 100.00 per share.
The repurchase of shares will be conducted in a period of maximum two months up to 17 October 2013 at the latest.
The maximum daily volume to be purchased during the above-mentioned period is 77,000 shares. All shares will be purchased in the regulated market (OSX).
Borregaard has appointed Skandinaviska Enskilda Banken to carry out the repurchase programme according to the rules and regulations of the Oslo Stock Exchange (see Børssirkulære 2/2008).
Investor Relations contacts:
Lotte Kvinlaug
Investor Relations Officer, +47 922 86 909
Dag Arthur Aasbø
Senior Vice President, Organisation and Public affairs, +47 918 34 108
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.