Selvaag Bolig ASA - Offer to buy back shares
Selvaag Bolig ASA has decided to initiate a share buyback of up to 650 000 shares. The shares will be used in whole or in part for the company’s incentive programmes for employees.
The buyback will be conducted as a reverse bookbuilding process. Selvaag Bolig ASA has commissioned ABG Sundal Collier (ABGSC) to implement the buyback. ABGSC will accept and accumulate sales orders from shareholders. Sales offers received and terms offered are irrevocable and cannot be changed.
The bookbuilding period commences immediately and is expected to close at 16:30 (CET) on 25 November 2024. The company reserves the right to close or extend the bookbuilding period without further notice.
If the total number of received sales offers exceeds 650 000 shares at or below the price accepted, the company will perform a pro-rata reduction of sales offers. The final purchase price will be identical for all selling shareholders. The company reserves the right to buy back fewer shares or no shares at all, to terminate the offer or make any amendments regarding the volume or other terms of the offer.
To make a sales offer, please contact ABGSC at +47 22 01 60 28. Standard commissions will apply.
The buyback will be conducted in accordance with the mandate provided by the company's AGM on 25 April 2024. Selvaag Bolig currently owns 125 276 treasury shares.
The share buyback program will be carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”)