Borregaard: Mandatory notification of trade options - Primary insider - repurchasing of own shares
05.05.2014: Borregaard ASA ("Borregaard", OSE ticker: BRG)
On 5 May 2014, in connection with Borregaard's option programme, primary insider Tom Erik Foss-Jacobsen, Executive Vice President, Specialty Cellulose, exercised 30 000 options in Borregaard shares at a strike price of NOK 17.93 per share and 100 000 options in Borregaard shares at a strike price of NOK 20.40 per share.
In the same transaction, Borregaard repurchased 111 864 own shares from the primary insider Tom Erik Foss-Jacobsen at an average price of NOK 43.0695 per share. The repurchase is conducted in accordance with a proxy given at the Ordinary General Meeting held on 23 April 2014.
After the transaction, Tom Erik Foss-Jacobsen owns 34 740 shares and 0 options in Borregaard.
After the transaction, the total number of options issued in Borregaard shares is 1 195 800. Borregaard owns 832 968 treasury shares representing 0.83% of total shares outstanding.
Borregaard ASA
Sarpsborg, 5 May 2014
Contact:
Lotte Kvinlaug, Investor Relations Officer, + 47 922 86 909
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.