Borregaard : Mandatory notification of trade - stock options, primary insider, repurchase of own shares
May 24 2018 - 9:14AM
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
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