Borregaard: Mandatory notification of trade - primary insider

29.04.2016: Borregaard ASA ("Borregaard", OSE ticker: BRG)

On 29 April 2016, Per A. Sørlie, President and CEO, exercised 125,000 Borregaard stock options at a strike price of NOK 17.65 per share. 

In the same transaction, Borregaard repurchased 115,000 own shares from the primary insider Per A. Sørlie at an average price of NOK 60.55 per share. The repurchase is conducted in accordance with a proxy given at the Ordinary General Meeting held on 13 April 2016.

As a result of these transactions, Per A. Sørlie has increased his share ownership by 10,000 shares to 145,990 shares, and he holds 120,000 options in Borregaard.

The total number of outstanding Borregaard stock options following these transactions is 1,153,800. Borregaard owns 448,880 treasury shares representing 0.45% of total shares outstanding.

Borregaard ASA
Sarpsborg, 29 April 2016

Contacts:
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.