Borregaard: Initiation of share repurchase programme
16 February 2018: Borregaard ASA ("Borregaard", OSE ticker: BRG)
Borregaard intends to repurchase up to 300,000 shares of its outstanding common stock. The shares will be used for employee incentive programmes. Borregaard`s Board of Directors was given authority by the shareholders at the Ordinary General Meeting held on 20 April 2017 to repurchase up to ten percent of the outstanding shares. According to the proxy, the highest price to be paid is NOK 250.00 per share.
The repurchase of shares will be conducted in a period from 19th February up to and including 11th April 2018 at the latest. All shares will be purchased in the regulated market (OSX).
Borregaard has appointed DNB Markets to carry out the repurchase programme according to the rules and regulations of Oslo Børs (see Circular No. 2/2008).
Contact
Lotte Kvinlaug, Investor Relations Officer, +47 922 86 909
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Borregaard via GlobeNewswire
HUG#2169684
