Borregaard : Mandatory notification of trade - stock options, primary insider, repurchase of own shares
On 24 May 2018 primary insider Gisle Løhre Johansen, Senior Vice President, R&D, Business Development and Fine Chemicals, exercised 25,000 stock options at a strike price of NOK 41.00 per share.
In a related transaction, Borregaard repurchased 25,000 own shares from Gisle Løhre Johansen at an average price of NOK 87.9172 per share. The repurchase is conducted in accordance with a proxy given at the Ordinary General Meeting held on 12 April 2018.
After the transaction, Gisle Løhre Johansen owns 20,708 shares and 55,000 stock options in Borregaard.
The total number of outstanding Borregaard stock options following this transaction is 1,649,000. Borregaard owns 472,631 treasury shares, representing 0.47% of the total number of shares outstanding.
Borregaard ASA
Sarpsborg, 24 May 2018
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#2195053
