Selvaag Bolig ASA: Buyback of own shares for employee share purchase programmes
The buyback covers the repurchase of up to 22 000 shares, corresponding to 0.024 per cent of the shares in Selvaag Bolig ASA. Shares bought back will be utilised for the company’s incentive programmes for employees.
The buyback will start on 2 December 2024 and will be completed by 13 December 2024. Buying will take place in tranches, with daily purchases limited to a maximum of 25 per cent of the average daily volume traded.
The company will report its purchases every seventh day until 13 December 2024 or until the volume of 22 000 shares has been bought.
The buyback accords with the mandate provided by the company’s annual general meeting in April 2024.
Shares acquired will be transferred to participants in the programmes in December 2024. Those not allocated will be utilised in later rounds of the share programmes.
Selvaag Bolig ASA has commissioned DNB Markets to implement the buybacks.
The share buyback program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and Commission Delegated Regulation (EU) No 2016/1052 (“Safe Harbour Regulation”).