9. May 2022 - The Board of Directors in Elop AS (the "Company") has decided to
initiate a buyback of its own shares. The share buyback is in accordance with
the power of attorney granted to the Board of directors by the Company Annual
General Meeting held 21. April 2021, stating "On behalf of the Company, the
board is authorized to acquire the Company's own shares with an aggregated par
value of up to NOK 465,019, equivalent to up to 10% of the share capital. The
authorization may be used one or several times."
The authorization is valid until the Ordinary General Meeting in 2022 and gives
the Company the option to buy back shares equivalent of 10 percent of the share
capital in the Company.
The board will now engage an advisor to conduct the intended share buyback
program. More information and more details in the share buyback program will be
communicated in due time.
o Stian Thorsrud, Head of Communications and Marketing, tel: +47 993 00 003
o Øivind Horpestad, CEO and Executive Chairman, tel: +47 910 00 626
o Kim Boman, CFO, tel: +47 959 63 912
About Elop AS:
Elop is a Norwegian technology company that delivers tools and digital solutions
to inspect, monitor and manage infrastructure worldwide. Through data-driven and
AI-based solutions for inspection and predictive maintenance of concrete
infrastructure, Elop's vision is to provide asset owners with solutions that
improve safety, extend asset lifetime, minimise total lifecycle cost and
environmental footprint. Elop is headquartered in Norway. For more information: