Selvaag Bolig ASA (OB:SBO) commences share repurchases on April 26, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 26, 2023. As per the mandate, the company is authorized to repurchase up to 9,372,091 shares, representing 10% of its share capital. The shares will be repurchased at a purchase price of minimum of NOK 10 per share and maximum of NOK 100 per share.

The repurchased shares will be used in connection with a possible later write-down of the share capital, remuneration of directors, incentive programs, and settlement for the possible acquisitions of business or for the purchase of shares where this is financially beneficial. The program will run until the Annual General Meeting in 2024 and no longer than June 30, 2024. As of April 5, 2023, the company had 93,765,688 shares in issue and had 44,770 shares in treasury.