Oslo, 20 June 2022. Baltic Sea Properties AS (“BALT” or “the Company”, and together with the Company’s subsidiaries, “BSP”) has as part of its bonus program for employees started the transfer of 7,305 own shares.
The shares transferred are distributed from the Company’s holding of own shares which were acquired in 2015 through a buyback program for the Company’s shareholders.
Through these transfers, the notification requirement is triggered for two of the Company’s primary insiders (PDMR’s):
— Primary insider and CEO, Lars Christian Berger, receives through his company Arthen Invest AS 2,673 shares at an average price of NOK 41.62.
— Primary insider and director for the Group’s office in Vilnius, Sigitas Jautakis, receives 2,144 shares at an average price of NOK 41.21.
The pricing of the shares in the allocation is done at 80% of net asset value of the share at the end of the period the bonus is assigned for. The discount from market price is subject to taxation.
After these transactions their new holdings are:
— Lars Christian Berger: 2,673 shares. (In addition, Mr. Berger has a 30 % ownership stake in the company Hagen, Berger & Aas AS which owns 13,334 shares in Baltic Sea Properties AS.)
— Sigitas Jautakis: 15,301 shares.
For more information, please contact:
Lars Christian Berger
CEO
phone: +47 930 94 319
Lcb@balticsea.no
The information in this announcement is subject to disclosure requirements under the EU Market Abuse Regulation and Euronext Growth listing rules. Baltic Sea Properties AS is a Norwegian real estate company focusing on development and property management in the Baltics. The company is among the Baltics’ leading real estate investors and developers – owning a portfolio of logistics, industrial and retail assets.