Borgestad ASA: Status of bookbuilding
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS COMMUNICATION.
Lysaker, 1 June 2026: Reference is made to the stock exchange announcement published on 27 May 2026 by Borgestad ASA (the “Company”) regarding the launch of an offer to buy back existing shares in the Company for a total consideration of up to NOK 1,530,000 (the “Offer”).
Based on sales orders received since the commencement of the reverse bookbuilding period, the Company has decided to fix the purchase price to NOK 17 per share (the “Offer Price”).
The bookbuilding period for the Offer closes at 16:30 (CEST) today, 1 June 2026.
For further information, please contact: Pål Feen Larsen, CEO of Borgestad ASA Tel.: +47 48 84 53 33 --- About Borgestad | www.borgestad.no Borgestad ASA (OSE:BOR) is an investment company focused on real estate and industry. The key investments include Agora Bytom shopping center and the leading refractory manufacturer Höganäs Borgestad. About Höganäs Borgestad | www.hoganasborgestad.com Höganäs Borgestad develops, manufactures and delivers refractory products, installations and turnkey solutions that enhance the productivity and competitiveness of industrial customers. The aim is to contribute to the customers' profitability by providing high-value refractory solutions to their challenges. IMPORTANT NOTICE
The Offer will be carried out in accordance with applicable laws and regulations and information pertaining to the Offer will be disclosed by way of stock exchange notices. The Offer and the distribution of this announcement and other information in connection with the Offer may be restricted by law in certain jurisdictions (including, but not limited to, the United States, Canada, Australia and Japan). None of the Company or the Manager assume any responsibility in the event there is a violation by any person of such restrictions. This includes shareholders who have changed their domicile to such jurisdictions but which may access their ES-OSL accounts. Persons into whose possession this announcement or relevant information should come are required to inform themselves about and to observe any such restrictions. The Offer is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, its territories and possessions, any State of the United States and the District of Columbia (the "United States") or any other jurisdiction in which this would be unlawful, require registration or other measures. This includes, but is not limited to, facsimile transmission, internet delivery, e-mail and telephones. Copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into the United States or any such jurisdiction and so doing may invalidate any purported offer and acceptance.