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Protecting people and goods for a better everyday

BEWi – mandatory notification of trade

15 December 2020

Reference is made to the stock exchange notice by BEWi ASA (the “Company”) on 9 December regarding the completion of an initial public offering, including a retail offering and an employee offering.

Christian Bekken, Chief Executive Officer and primary insider, has today subscribed for a total of 5,952 shares in the employee offering at the subscription price of NOK 16.80 per share offered to eligible employees and the Company’s board members, which was equal to the offer price in the retail offering less 20 per cent. The subscription rights to the shares were reallocated from another employee. Following completion of the offering, Christian Bekken holds 5,952 shares and 250,000 share options. In addition, Christian Bekken is a member of the Bekken family, who owns a total of 85,939,920 shares in BEWi ASA, through their investment companies Frøya Invest AS (57.04 per cent), KMC Family AS (1.54 per cent) and Bekken Invest AS (1.12 per cent).

For details regarding subscriptions of shares by other primary insiders in the offering, please refer to the stock exchange notice on 9 December 2020.

For further information, please contact:
Charlotte Knudsen, Director of Communication and IR, BEWi ASA, tel: +47 9756 1959

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

About BEWi ASA
BEWi is a leading international provider of packaging, components and insulation solutions, in Europe. The company’s commitment to sustainability is integrated throughout the value chain, from the production of raw materials and end goods, to the recycling of used products. Since the start in the Norwegian archipelago at Frøya in 1980, the company has created value for its customers by offering sustainable solutions in innovative and efficient ways. With a vision to protect people and goods for a better every day, BEWi is leading the change towards a circular economy.