Itera ASA (OB:ITE) commences share repurchases on May 24, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 24, 2023. As per the mandate, the company is authorized to repurchase its own shares, such that the company?s holding in treasury does not exceed 5% of its issued share capital, for the maximum nominal value of NOK 1.23 million. The minimum price which the company will pay for its shares is NOK 0.30 per share and the maximum price which the company will pay for it is NOK 30 per share.

The shares repurchased may be used to finance all or part of the acquisition of companies and/or businesses, and/or maybe be used in connection with the implementation of the company's share option program and share purchase program. The authorization is valid until June 30, 2024. As of May 24, 2023, the company had 82,186,624 issued and 971,393 treasury shares.