The share buyback program will commence on 17 February 2025 and end no later than 25 April 2025, the last trading day prior to the Company’s 2025 Annual General Meeting. The buyback program covers purchases of up to 10,000,000 shares, equivalent to approximately 4.9% of the Company's current share capital, with a maximum consideration of NOK 100 million. The main purpose of the program is to service shareholders by way of reducing its share capital, but the shares will also partially be allocated to a share investment program for employees.
 
SATS has engaged DNB Markets, a part of DNB Bank ASA, to manage and carry out the share repurchases in the market. DNB Markets will make its trading decisions independently of, and uninfluenced by SATS.
 
The share buyback program will be carried out in accordance with Regulation (EU) No 596/2014 (the "Market Abuse Regulation") and Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").
 
The Company reserves the right to make subsequent changes to the above terms for the program and will in such case make appropriate announcements in this respect.
 
For further information, please contact:
 
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Investor Relations, phone: +47 986 99 259
 
The buyback program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU) No 2016/1052 ("Safe Harbour Regulation"). This is information that SATS is obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.