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Transactions carried out under the share buy-back program
07 Nov 2022 17:32 CET
Issuer
Kongsberg Automotive ASA
As announced May 13, 2022 Kongsberg Automotive ASA put in place a non
-discretionary agreement with Danske Bank for the repurchase of Kongsberg
Automotive shares for up to 10% of its outstanding shares in the market. The
share repurchases started May 19, 2022.
Date Aggregated Daily Weighted Total
Volume (# of Average Price Transaction
Shares) (NOK) Value(NOK)
1 November 2022 549.336 2,76 1.513.915
2 November 2022 545.684 2,77 1.513.946
3 November 2022 540.126 2,75 1.484.374
4 November 2022 544.114 2,74 1.489.839
7 November 2022 551.765 2,74 1.511.505
Total Purchased under the 68.222.755 2,53 172.433.105
Program (as of October 31,
2022)
Total Purchased under the 70.953.780 2,54 179.946.684
Program (as of November 7,
2022)
See the attached document for information about the individual transaction made
under the buy-back program.
Kongsberg Automotive will seek approval from the 2023 Annual General Meeting for
cancellation of the repurchased shares. For further information regarding the
share buy-back program, please see the stock exchange notifications from May 13,
2021.
The buyback program is carried out in accordance with the Market Abuse
Regulation (EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU) No
2016/1052 ("Safe Harbour Regulation").
After the above-mentioned transactions Kongsberg Automotive owns a total of
70.943.281 own shares, corresponding to 6.73% of Kongsberg Automotive's share
capital.
About Kongsberg Automotive ASA
Kongsberg Automotive provides cutting-edge technology to the global vehicle
industry. We drive the global transition to sustainable mobility by putting
engineering, sustainability, and innovation into practice. Our product portfolio
includes driver and motion control systems, fluid assemblies, and industrial
driver interface products. Find more information
at: kongsbergautomotive.com (https://www.kongsbergautomotive.com/)
Media contact:
Therese Sjoborg Skurdal
therese.skurdal@ka-group.com
+47 982 14 059
Investor relations contact:
Mads Langaard
mads.langaard@ka-group.com
+47 905 81 264
More information:
Access the news on Oslo Bors NewsWeb site
Source
Kongsberg Automotive ASA
Provider
Oslo Børs Newspoint
Company Name
KONGSBERG AUTOMOTIVE
ISIN
NO0003033102
Symbol
KOA
Market
Oslo Børs