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Beskrivning

LandNorge
ListaOB Match
SektorInformationsteknik
IndustriKommunikation
Link Mobility Group Holding är verksamma inom teknikbranschen. Bolaget är specialiserade inom utveckling av mobilkommunikation. Programvaran är egenutvecklad och används huvudsakligen för kommunikation, delning och integrering av informationsflöden. Kunderna består av företagskunder verksamma i ett flertal olika sektorer. Utöver huvudverksamheten erbjuds även diverse mervärdestjänster. Störst verksamhet återfinns inom den nordiska marknaden.
2024-03-11 07:00:00
Oslo, Norway, 11 March 2024. LINK Mobility Holding ASA ("LINK Mobility" or the
"Company") (OSE: LINK) has authorized a share repurchase program that allows the
Company to repurchase up to 17 million of its outstanding shares. The Company is
not obligated to repurchase any shares under the program. The program will be
conducted during the period from 11 March 2024 until 29 May 2024. LINK Mobility
may, however, at any time suspend or terminate the program.

The share repurchase program has been resolved by the Board of Directors of LINK
Mobility and is in accordance with the authorization granted to the Board by the
Annual General Meeting of LINK Mobility on 31 May 2023.

In furtherance of the program, LINK Mobility announces today that it has put in
place an agreement with Arctic Securities AS ("Arctic") for the repurchase of
the Company's shares in open market transactions on the Oslo Stock Exchange.
Under this agreement, Arctic will make its own trading decisions independently
of, and uninfluenced by, LINK Mobility.

In order to comply with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and
Commission Delegated Regulation (EU) No 2016/1052 (collectively the "Safe
Harbour Rules"), the Company has provided the following required information:
(i) under the repurchase program, as may be effected under the Arctic agreement,
the Company may repurchase shares of an value up to NOK 400 million during the
period from 11 March 2024 until 29 May 2024 (subject also to a maximum limit of
17 million shares), (ii) the maximum number of shares to be repurchased any
trading day is 381,052 shares, corresponding to 25% of the average daily trading
volume on the OSE during the month of February, being the month preceding the
month of this disclosure, and (iii) the purpose of the repurchase program is to
meet obligations arising from share option programs to employees and members of
the administrative, management or supervisory bodies of LINK Mobility. The
Company cannot predict how many shares will be repurchased, if any, under the
agreement with Arctic, or the timing of any repurchase or the price that will be
paid for any shares repurchased under the agreement.

The repurchase program will be completed in accordance with the Safe Harbour
Rules as further set out in the Norwegian Securities Trading Act of 2007 and the
Oslo Stock Exchange's Guidelines for buy-back programs and price stabilization.


For further information, please contact

Tom Rogn, VP Investor Relations
+47 94 85 56 59
tom.rogn@linkmobility.com


About LINK Mobility

LINK is an award-winning, leading global provider of mobile messaging and
communications platform as a service (CPaaS) solutions for increased engagement.
The company serves enterprise, SME and government customers. LINK offers a wide
range of innovative and scalable mobile solutions, creating valuable digital
convergence between businesses and customers, governments and citizens,
platforms and users. LINK has 50 thousand active customer accounts globally and
exchanges 17 billion messages a year. LINK is listed on the Oslo Stock Exchange
under the ticker LINK. For more information about LINK, please see
www.linkmobility.com and follow LINK Mobility on LinkedIn.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and article 5 of the European
Market Abuse Regulation.