Prenumeration
Beskrivning
| Land | Norge |
|---|---|
| Lista | Oslo Bors |
| Sektor | Sällanköp |
| Industri | Resor & Fritid |
The Board of Directors of SATS ASA ("SATS" or "the Company") has resolved to initiate a share buyback program to be executed in accordance with the authorization granted to the Board of Directors by the Annual General Meeting of SATS held on 28 April 2025 (“the 2025 AGM”).
The share buyback program will commence on 9 May 2025 and end no later than the Company’s Annual General Meeting of 2026. The buyback program authorizes the repurchase of shares for a total consideration of up to NOK 100 million, and a maximum of 2 500 000 shares. SATS’ holding of own shares may, however, not at any point exceed the authorization granted by the 2025 AGM. The purpose of the program is to optimize the share capital structure through a redemption of treasury shares, which is considered to be beneficial for the Company's shareholders.
SATS has engaged DNB Markets, a part of DNB Bank ASA, to manage and carry out the share repurchases in the market. No acquisition will be made during a 30-day period prior to the Company’s reporting of a quarterly report.
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.