Bouvet ASA (OB:BOUV) announces an Equity Buyback for 10,380,064 shares, representing 10% of its issued share capital, under the authorization approved on May 19, 2022.
September 23, 2022 at 04:12 am EDT
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Bouvet ASA (OB:BOUVET) commences share repurchases on September 15, 2022 under the program mandated by the shareholders in the Annual General Meeting held on May 19, 2022. As per the mandate, the company is authorized to repurchase up to 10,380,064 shares, representing 10% of its issued share capital. The lowest and highest price which can be paid for a share is NOK 0.10 and NOK 120 respectively. The shares repurchased can be used wholly or partly to finance the acquisition of businesses and for implementing the company's share program for group employees. The plan is valid until June 30, 2023. As of April 28, 2022, the company had 103,800,637 shares issued.
On September 13, 2022, the company announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, for NOK 9.75 million. The shares repurchased will be used for employee share program. The repurchases will commence on September 15, 2022, and will continue till October 7, 2022.
Bouvet ASA is a Norway-based consultancy company, which designs, develops and provides advice on IT solutions and digital communication in the fields of technology, communication and enterprise management. The Company's workforce comprises engineers, designers, copywriters, economists, political scientists, psychologists, educators and anthropologists who support companies and public players in every sector. Bouvet provide solutions which contribute to stable energy supply, a more efficient public sector, more secure banks, a richer media picture, better health, safety and the environment in the oil sector, reduced administration for transport undertakings and an improved customer experience in the retail sector.
Bouvet ASA (OB: BOUV) announces an Equity Buyback for 10,380,064 shares, representing 10% of its issued share capital, under the authorization approved on May 19, 2022.
BOUVET ASA 
