26 February 2026: The board of directors of Borgestad ASA has today granted
29,284 restricted stock units ("RSUs") for the financial year 2025 to leading
personnel of the Borgestad group. The grant has been made in compliance with the
principles set forth in the Company's guidelines on determination of salary and
other remuneration to leading personnel, as adopted by the annual general
meeting held on 28 May 2025 (the "Guidelines"). According to the Guidelines, a
portion of the leading personnel's variable remuneration, as determined based on
the principles in the Guidelines, may be settled in the form of RSUs.
Each RSU gives the right to receive one share in the Company free of charge,
subject to the holder remaining employed by the Borgestad group throughout the
vesting period. The RSUs will, with certain customary exceptions, vest over a
period of three years from the grant date. The number of RSUs granted may be
adjusted in accordance with standard practices in the event of certain corporate
actions, such as share splits and consolidations, rights issues and repair
issues and the distribution of dividends.
The following leading personnel and primary insiders have been allocated RSUs:
Pål Feen Larsen (CEO): 21,998 RSUs.
Jan Fredrik Herud (Investment Manager): 7,286 RSUs.
Please see details in the attached forms.
For further information, please contact:
Pål Feen Larsen, CEO of Borgestad ASA
Tel.: +47 48 84 53 33
This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 and the Norwegian Securities Trading Act
section 5-12.
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. Today, the company is a leading supplier in the refractory market of
the Nordic countries and has a global presence in a number of selected
application areas.