ABL Group ASA: Transactions made under share buyback program
Oslo, 30 April 2024 – ABL Group ASA (“ABL Group” or the “Company”) (OSE: ABL) initiated a share buyback program on 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 22 April through 26 April 2024, ABL Group purchased a total of 68,752 shares at an average price of NOK 11.96 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) |
|---|---|---|---|
| 22.04.2024 | 10 825 | 11.97 | 129 887 |
| 23.04.2024 | 10 200 | 12.42 | 126 726 |
| 24.04.2024 | 14 900 | 12.16 | 181 256 |
| 25.04.2024 | 14 800 | 11.51 | 170 298 |
| 26.04.2024 | 18 800 | 11.90 | 214 272 |
| Total earlier announced buy-back under the program | 135 650 | 11.96 | 1 622 619 |
| Program total | 204 402 | 11.96 | 2 445 058 |
The issuer’s holding of own shares: 204,402
Following the completion of the above transactions, ABL Group owned a total of 204,402 of its own shares, corresponding to 0.16% 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.