Fredag 14 Mars | 13:57:57 Europe / Stockholm
2025-02-28 17:57:19

Oslo, 28 February 2025 - Panoro Energy ASA ("Panoro" or the "Company") (OSE: PEN) initiated a share buyback program on May 23, 2024 to repurchase up to NOK 100 million in value of the Company's common shares in open market transactions on the OSE pursuant to an agreement with Arctic Securities AS.

For the period from and including 24 February - 28 February 2025, Panoro purchased a total of 146,000 shares at an average price of NOK 27.9268 per share. The transactions effected through the agreement with Arctic comprise all the transactions effected by or on behalf of the Company during the period.

Transaction overview

Date

Trading Venue

Volume

Weighted average share price (NOK)

Total daily cumulative transaction value (NOK)

24 February 25

OSE

42,000

28.0529

1,178,222

25 February 25

OSE

26,000

28.2168

733,637

26 February 25

OSE

26,000

27.9019

725,449

27 February 25

OSE

26,000

27.8761

724,779

28 February 25

OSE

26,000

27.5087

715,226

Period total

OSE

146,000

27.9268

4,077,313

Previously disclosed buy-backs under the programme (accumulated)

OSE

2,277,300

30.3920

69,211,590

Program total

OSE

2,423,300

30.2434

73,288,903

The issuer's holding of own shares: 2,423,300

Following the completion of the above transactions, Panoro owned a total of 2,423,300 of its own shares, corresponding to 2.0722% of Panoro's share capital.

Appendix:

An overview of all transactions made under the Company's repurchase program and its agreement with Arctic Securities that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

Contact information

For further information, please contact: investors@panoroenergy.com

About Panoro Energy

Panoro Energy ASA is an independent exploration and production company based in London and listed on the main board of the Oslo Stock Exchange with the ticker PEN. Panoro holds production, exploration and development assets in Africa, namely interests in Block-G, Block S, Block EG-01 and Block EG-23 offshore Equatorial Guinea, the Dussafu Marin, Niosi Marin and Guduma Marin Licenses offshore southern Gabon, the TPS operated assets in Tunisia and onshore Exploration Right 376 in South Africa.

Visit us at www.panoroenergy.com.

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