Today, primary insider Per Bjarne Lyngstad, Chief Financial Officer (CFO), exercised 17,000 stock options at a strike price of NOK 91.56 per share and 3,864 stock options at a strike price of NOK 70.95 per share, and in separate transactions purchased and sold 20,864 shares.
1. Details of the person discharging managerial responsibilities/person closely associated
a) Name : Per Bjarne Lyngstad
2. Reason for the notification
a) Position/status: Chief Financial Officer
b) Initial notification/Amendment: Initial notification
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a) Name : Borregaard ASA
b) LEI: 5967007LIEEXZXGYXC05
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument: Stock option
Identification code: N/A
b) Nature of the transaction: Exercise of stock option linked to a stock option programme
c) Price(s) and volume(s):
Price(s) Volume(s)
--------------------------------------
NOK 91.56 17,000
NOK 70.95 3,864
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d) Aggregated information
Aggregated volume: 20,864
Price: NOK 87.74304
Total sum: NOK 1,830,670.80
e) Date of the transaction: 2021-04-30; 15:30 CET
f) Place of the transaction: Outside a trading venue
5. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument: Shares
Identification code: NO0010657505
b) Nature of the transaction: Purchase of shares linked to a stock option programme
c) Price(s) and volume(s):
Price(s) Volume(s)
--------------------------------------
NOK 91.56 17,000
NOK 70.95 3,864
--------------------------------------
d) Aggregated information
Aggregated volume: 20,864
Price: NOK 87.74304
Total sum: NOK 1,830,670.80
e) Date of the transaction: 2021-04-12; 15:30 CET
f) Place of the transaction: Outside a trading venue
6. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a) Description of the financial instrument, type of instrument: Shares
Identification code: NO0010657505
b) Nature of the transaction: Sale of shares linked to a stock option programme
c) Price(s) and volume(s): NOK 179.51 and 20,864
d) Aggregated information
Aggregated volume: 20,864
Price: NOK 179.51
Total sum: NOK 3,745,296.64
e) Date of the transaction: 2021-04-30; 15:30 CET
f) Place of the transaction: Outside a trading venue
After the transactions, Per Bjarne Lyngstad owns 60,502 shares and holds 66,136 stock options in Borregaard .
The total number of outstanding Borregaard stock options following this transaction is 1,509,136. Borregaard owns 454,202 treasury shares, representing 0.45% of the total number of shares outstanding.
Borregaard ASA
Sarpsborg, 30 April 2021
Contact:
Dag Arthur Aasbø, Senior Vice President, +47 918 34 108
This information is subject to the disclosure requirements pursuant to Section 3-1 of the Norwegian Securities Trading Act, cf. Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) Article 19.