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Multiconsult ASA - share buy-back programme
03 Jun 2024 07:30 CEST
Issuer
Multiconsult ASA
Multiconsult ASA ("Multiconsult") initiates a non-discretionary share buy-back
programme. Acquired shares can be disposed of in connection with employee share
saving programme and executive management bonus schemes.
The buy-back programme comprises a repurchase of up to 500 000 of Multiconsult's
own shares to a total value of up to NOK 100 000 000. The share buy-back
programme will be managed by DNB Markets, a part of DNB Bank ASA, which will
make its trading decisions in relation to the shares independently of, and
uninfluenced by Multiconsult. This may result in Multiconsult buying shares
through periods where the company otherwise would have been restricted. The buy
-back programme will be in force from 3 June 2024 until the earlier of the
maximum number of shares as set out above has been acquired, or 29 November
2024. The shares will be repurchased in accordance with the authorisation given
by Multiconsult's annual general meeting to the board of directors on 11 April
2024.
When acquiring own shares, the consideration per share may not exceed NOK 200,
and shall in no event exceed the price of the last independent trade or the
highest current independent bid at the Oslo Stock Exchange on the relevant
trading day. The number of shares acquired per day shall not exceed 4 879
shares, representing 25 per cent of the average daily trading volume in May 2024
(excluding reported trades not matched via the stock exchange's electronic order
book) of 19 516 shares.
Multiconsult currently owns a total of 11 691 its own shares, corresponding to
0.04 per cent of Multiconsult's share capital.
For further information, please contact:
Investor relations:
Pål-Sverre Jørgensen, Group Treasurer & IRO
Phone: +47 416 11 161
E-mail: ir@multiconsult.no / psmj@multiconsult.no
Media:
Gaute Christensen, VP Communications
Phone: +47 911 70 188
E-mail: gaute.christensen@multiconsult.no
The buy-back programme 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"). This is information that Multiconsult is
obliged to make public pursuant to the EU Market Abuse Regulation and subject to
the disclosure requirements pursuant to Section 5-12 the Norwegian Securities
Trading Act.
More information:
Access the news on Oslo Bors NewsWeb site
Source
Multiconsult ASA
Provider
Oslo Børs Newspoint
Company Name
MULTICONSULT
ISIN
NO0010734338
Symbol
MULTI
Market
Euronext Oslo Børs