Following the Annual General Meeting the Company has decided to re-initiate a Company share buy-back programme. The buy-back programme will be conducted in accordance with the authorization granted to the board of directors by the Company's Annual General Meeting held on
The share buy-back programme will be for a maximum consideration of
The purpose of the share buy-back programme is to obtain treasury shares for potential future settlement of the Company's long-term management investment program for the executive management and other key employees, to optimize the company's capital structure and/or for settlement of transactions.
The program will be managed by
The transactions will be conducted in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR), Commission Delegated Rules (EU) 2016/1052 ("Safe Harbour Regulation) and Euronext Oslo Børs' Guidelines for buyback programmes and stabilisation dated
This information is published in accordance with the requirements in article 5 of the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
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* Kjartan Bø, CFO, +47 410 27 000, kjartan.bo@smartcraft.com
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