Borregaard: Mandatory notification of trade - primary insider
09.11.2015: Borregaard ASA ("Borregaard", OSE ticker: BRG)
On 9 November 2015, Per A. Sørlie, President and CEO, exercised 125,000 Borregaard stock options at a strike price of NOK 19.15 per share.
In the same transaction, Borregaard repurchased 108,372 own shares from the primary insider Per A. Sørlie at an average price of NOK 48.91 per share. The repurchase is conducted in accordance with a proxy given at the Ordinary General Meeting held on 15 April 2015.
As a result of these transactions, Per A. Sørlie has increased his share ownership by 16,628 shares to 135,990 shares, and he holds 245,000 options in Borregaard.
The total number of outstanding Borregaard stock options following these transactions is 1,333,800. Borregaard owns 761,255 treasury shares representing 0.76% of total shares outstanding.
Sarpsborg, 9 November 2015
Senior Vice President Organisation and Public Affairs, Dag Arthur Aasbø, +47 918 34 108
Chief Financial Officer, Per Bjarne Lyngstad, +47 952 44 515
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.