The board of HAV Group ASA ("HAV" or "the Company") has decided to initiate a
repurchase of up to 3,500,000 of its own shares. The repurchase program will be
implemented in the period from this announcement until 1 May 2022.
The Board's assessment is that it will be in the Company's interest to have a
holding of own shares, where the purpose of the repurchase program is to
purchase shares that can be used as a settlement in any strategic acquisitions
within the sectors in which the Company operates.
The repurchases will be made in accordance with the proxy granted to the board
by the Company's annual general meeting held on 27 May 2021. Pursuant to the
resolution, the board may acquire up to 3,500,000 of the Company's own shares
for a minimum of NOK 1 and a maximum of NOK 50 per share. The proxy has not
previously been used, and is valid until the annual general meeting in 2022,
however no longer than until 30 June 2022.
The Company has engaged Fearnley Securities AS to complete the repurchase of
shares. The repurchase program may be discontinued at any time, and the Company
may decide to terminate the repurchase program before the threshold set forth
above is reached.
HAV does not own any own shares in the Company as of the date of this
For further information, please contact:
Gunnar Larsen, CEO
Tel: +47 90 10 56 94
This information is subject to disclosure requirements in accordance with the
Securities Trading Act § 5-12.