ABL Group ASA: Transactions made under share buyback program
Oslo, 2 April 2024 – ABL Group ASA (“ABL Group” or the “Company”) (OSE: ABL) initiated a share buyback program 20 March 2024 to repurchase up to 250,000 of the Company’s common shares in open market transactions on the OSE until the date the maximum number of shares have been repurchased. If the buyback is not completed before the 2024 Annual General Meeting (expected on or about 29 May 2024), the buyback shall be temporarily paused and may later continue, subject to the Board’s renewed approval, in accordance with a new authorization to repurchase shares expected to be granted to the Board of Directors by the 2024 Annual General Meeting.
For the period from and including 25 March through 27 March 2024, ABL Group purchased a total of 13,650 shares at an average price of NOK 11.92 per share. The transactions effected through the agreement with Arctic comprise all the transactions effected by or on behalf of ABL Group during the period.
Transaction overview:
| Date | Aggregated daily volume (# of shares) | Weighted average price (NOK) | Total daily transaction value (NOK) |
| 25.03.2024 | 208 | 12.25 | 2 548 |
| 26.03.2024 | 10 500 | 11.91 | 125 103 |
| 27.03.2024 | 2 942 | 11.93 | 35 109 |
| Period total | 13 650 | 11.92 | 162 760 |
| Total earlier announced buy-back under the program | 27 400 | 12.18 | 333 744 |
| Program total | 41 050 | 12.10 | 496 504 |
The issuer’s holding of own shares: 41,050
Following the completion of the above transactions, ABL Group owned a total of 41,050 of its own shares, corresponding to 0.03% of ABL Group’s share capital.
Appendix:
An overview of all transactions made under the Company’s buyback program and its agreement with Arctic Securities that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.