Borregaard ASA: Mandatory notification of trade – primary insider, exercise of stock options, purchase and sale of shares

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

--------------------------------------

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.