Norske Skog ASA (OB:NSKOG) commences an Equity Buyback Plan for 9,426,470 shares, representing 10% of its issued share capital, under the authorization approved on April 20, 2023.

Norske Skog ASA (OB:NSKOG) commences share repurchases on July 14, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 20, 2023. As per the mandate, the company is authorized to repurchase up to 9,426,470 shares, representing 10% of its issued share capital. The minimum price that can be paid per share is NOK 1 and the maximum price is NOK 100.

The purpose of the authorization is to enable the board of directors to optimize the company?s capital structure. The authorization is valid up until the company's annual general meeting in 2024, but not later than June 30, 2024. As of March 20, 2023, the company had 94,264,705 shares issued.