Fredag 14 Mars | 13:57:57 Europe / Stockholm
2025-02-21 17:12:38

Oslo, 21 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 17 February - 21 February 2025, Panoro purchased a total of 135,000 shares at an average price of NOK 27.6894 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)

17 February 25

OSE

27,000

27.3849

739,392

18 February 25

OSE

27,000

27.6446

746,404

19 February 25

OSE

27,000

27.9801

755,463

20 February 25

OSE

27,000

27.5792

744,638

21 February 25

OSE

27,000

27.8584

752,177

 

 

Period total

 

 

OSE

135,000

27.6894

3,738,074

Previously disclosed buy-backs under the programme (accumulated)

OSE

2,142,300

30.5623

65,473,516

Program total

OSE

2,277,300

30.3920

69,211,590

The issuer's holding of own shares: 2,277,300

Following the completion of the above transactions, Panoro owned a total of 2,277,300 of its own shares, corresponding to 1.9473% 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

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 blocks offshore southern Gabon, the TPS operated assets in Tunisia, and onshore Exploration Right 376 in South Africa.

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