Bouvet ASA has engaged a third party on27 February 2024 to conduct repurchases of the company's own shares to be used in its share programme for employees. This buyback programme will encompass a maximum of 800,000 shares and comprise the acquisition of Bouvet shares up to an overall value ofNOK 72,000,000 . Before the share repurchases,Bouvet ASA holds 189 323 of its own shares. The buyback programme has a fixed duration and share purchases will take place in specified periods from1 March 2024 until11 October 2024 . From1 March 2024 until the annual general meeting on22 May 2024 , the buyback programme will be based on the mandate provided by the AGM of23 May 2023 and registered in theNorwegian Register ofBusiness Enterprises . Acquisition of shares after the 2024 AGM is subject to a new mandate. Should no new mandate be granted, the existing mandate will apply up to30 June 2024 . Shares will be purchased on theOslo Stock Exchange . The share buyback programme will be conducted in accordance with applicable safe harbour conditions and pursuant to the Norwegian Securities Trading Act of 2007,EU Commission Regulation (EC) No 2016/1052, and theOslo Stock Exchange's guidelines for buyback programmes and price stabilisation ofFebruary 2021 . For further information, please contact: CEO: Per Gunnar Tronsli, telephone: +47 900 20 622 CFO:Trude Hole , telephone: +47 977 10 344. This information is made public by the company pursuant to article 5 of the EU Market Abuse Regulation, as supplemented by Commission Delegated Regulation (EU) 2016/1052, and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
Click here for more information
© Oslo Bors ASA, source