Bouvet ASA (OB:BOUV) commences an Equity Buyback Plan for 10,329,583 shares, representing 10% of its issued share capital, under the authorization approved on May 23, 2023.

Bouvet ASA (OB:BOUVET) commences share repurchases on September 12, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 23, 2023. As per the mandate, the company is authorized to repurchase up to 10,329,583 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, 2024. As of May 23, 2023, the company had 103,800,637 shares issued including 504,806 shares in treasury.