Wilh. Wilhelmsen Holding ASA (OB:WWI) commences share repurchases on April 27, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 27, 2023. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital.

The shares will be repurchased at a price range from NOK 20 per share to NOK 400 per share. Shares acquired may be used either in connection with acquisitions, in connection with employee share programs, for subsequent deletion of such shares, or in a combination of these purposes. The program is valid till until the conclusion of next Annual General Meeting of 2024 or June 30, 2024, whichever is earlier.

As of April 27, 2023, the company had 44,580,000 shares outstanding, consisting of 34,000,000 class A shares and 10,580,000 class B shares and no shares in treasury.