Lea Bank ASA (OB:LEA) commences share repurchases on May 2, 2022, under the program mandated by the shareholders in the Annual General Meeting held on April 21, 2022. As per the mandate, the company is authorized to repurchase up to 9,450,000 shares, for a total nominal value of NOK 18.9 million. The shares shall be repurchased at a minimum price of NOK 1 per share and at a maximum price of NOK 50 per share.

The authority shall be valid till the next Annual General Meeting in 2023, however no longer than June 30, 2023.