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LINK Mobility - Transactions made under new Company share repurchase program
08 Oct 2024 07:00 CEST
Issuer
Link Mobility Group Holding
Oslo, Norway, 8 October 2024. LINK Mobility Holding ASA (“LINK Mobility” or the
“Company”) (OSE: LINK) announced a new share repurchase program on 12 June 2024
to repurchase an additional up to 8.69 million of the Company’s shares in open
market transactions on the OSE, totaling up to 17 million shares including the
8.31 million shares repurchased under the program completed on 30 May 2024. The
new program will be conducted during the period from 12 June 2024 until the last
day prior to the annual general meeting 2025, and in no event later than 29 June
2025.
For the period from 30 September to 04 October 2024, Arctic Securities AS, on
behalf of LINK Mobility, purchased a total of 620,000 shares at an average price
of NOK 23.51 per share. The transactions effected through the agreement with
Arctic comprise all the transactions effected by or on behalf of LINK Mobility
during the period.
Overview of transactions
+-----------------------------+-----------------------+------------------------+
--------------------+
| | Aggregated daily | Weighted average |
Total daily |
| | volume (number of | share price per |
transaction value |
| Date | shares) | day (NOK) |
(NOK) |
+-----------------------------+-----------------------+------------------------+
--------------------+
| 30.09.24 | 30,000 | 23.90 |
716,859 |
+-----------------------------+-----------------------+------------------------+
--------------------+
| 01.10.24 | 230,000 | 23.46 |
5,396,582 |
+-----------------------------+-----------------------+------------------------+
--------------------+
| 02.10.24 | 70,000 | 23.09 |
1,616,636 |
+-----------------------------+-----------------------+------------------------+
--------------------+
| 03.10.24 | 60,000 | 22.86 |
1,371,438 |
+-----------------------------+-----------------------+------------------------+
--------------------+
| 04.10.24 | 230,000 | 23.81 |
5,476,829 |
+-----------------------------+-----------------------+------------------------+
--------------------+
| | | |
|
+-----------------------------+-----------------------+------------------------+
--------------------+
| Previous transactions | 7,190,000 | 21.41 |
153,955,209 |
+-----------------------------+-----------------------+------------------------+
--------------------+
| | | |
|
+-----------------------------+-----------------------+------------------------+
--------------------+
| Accumulated to date | 7,810,000 | 21.58 |
168,533,553 |
+-----------------------------+-----------------------+------------------------+
--------------------+
Following the completion of the above transactions, LINK Mobility owned a total
of 15,749,034 of its own shares, corresponding to 5.27% of LINK Mobility's share
capital.
An overview of all transactions made under the Company’s repurchase 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.
For further information, please contact
Morten Løken Edvardsen, CFO & VP Investor Relations
+47 90 56 15 89
ir@linkmobility.com
About LINK Mobility
LINK is an award-winning, leading global provider of mobile messaging and
communications platform as a service (CPaaS) solutions for increased engagement.
The company serves enterprise, SME and government customers. LINK offers a wide
range of innovative and scalable mobile solutions, creating valuable digital
convergence between businesses and customers, governments and citizens,
platforms and users. LINK has more than 50,000 active customer accounts globally
and exchanges more than 18 billion messages a year. LINK is listed on the Oslo
Stock Exchange under the ticker LINK. For more information about LINK, please
see www.linkmobility.com and follow LINK Mobility on LinkedIn.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and article 5 of the European
Market Abuse Regulation.
More information:
Access the news on Oslo Bors NewsWeb site
Source
Link Mobility Group Holding ASA
Provider
Oslo Børs Newspoint
Company Name
LINK MOBILITY GROUP HOLDING, Link Mobility Gro ASA 20/25 3.375 EUR
ISIN
NO0010894231, NO0010911506
Symbol
LINK
Market
Oslo Børs