ABL Group ASA: Completion of share buyback program
ABL Group ASA (“ABL Group” or the “Company”) (OSE: ABL) initiated a share buyback program 19 November 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. The repurchase would be conducted in the period from 19 November 2024 to 20 December 2024 or until the maximum number of shares had been repurchased.
For the period from and including 16 December through 18 December 2024, ABL Group purchased a total of 12,401 shares at an average price of NOK 9.75 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.
This completes the share repurchase program announced on 19 November 2024.
Transaction overview:
| Date | Aggregated daily volume (# of shares) | Weighted average price (NOK) | Total daily transaction value (NOK) |
|---|---|---|---|
| 16.12.2024 | 667 | 9.88 | 6 590 |
| 17.12.2024 | 10 202 | 9.73 | 99 270 |
| 18.12.2024 | 1 532 | 9.84 | 15 071 |
| Total earlier announced buy-back under the program | 237 599 | 9.68 | 2 299 876 |
| Program total | 250 000 | 9.68 | 2 420 807 |
The issuer’s holding of own shares: 296,213
Following the completion of the above transactions, ABL Group owned a total of 296,213 of its own shares, corresponding to 0.23% 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.