SmartCraft ASA (SMCRT) re-initiates share buy-back programme

05 Nov 2024 08:38 CET

5 November 2024 - SmartCraft has decided to re-initiate a Company share buy-back
programme. The buy-back programme will be conducted in accordance with the
authorization granted to the board of directors by the Company's Annual General
Meeting held on 2 May 2024.

The share buy-back programme will be for a maximum consideration of NOK 20
million. The repurchases will be conducted in the period from 5 November 2024
until the day before the issuer's Annual General Meeting in 2025, or until the
maximum consideration have been reached. Buy-back transactions will be executed
according to the market price on the Oslo Stock Exchange, and the maximum price
to be paid per share under the program is NOK 33.

The purpose of the share buy-back programme is to obtain treasury shares for
potential future settlement of the Company's long-term management investment
program for the executive management and other key employees, to optimize the
company's capital structure and/or for settlement of transactions.

The program will be managed by Carnegie AS, which will make its trading
decisions in relation to the acquisition of shares independently of, and
uninfluenced by, the Company. SmartCraft will report its purchases every seventh
trading day.

The transactions will be conducted in accordance with the Market Abuse
Regulation (EU) No 596/2014 (MAR), Commission Delegated Rules (EU) 2016/1052
("Safe Harbour Regulation) and Euronext Oslo Børs' Guidelines for buyback
programmes and stabilisation dated February 2021.

DISCLOSURE REGULATION
This information is published in accordance with the requirements in article 5
of the EU Market Abuse Regulation and subject to the disclosure requirements
pursuant to Section 5-12 of the Norwegian Securities Trading Act.

CONTACTS

 * Kjartan Bø, CFO, +47 410 27 000, kjartan.bo@smartcraft.com

ABOUT SMARCRAFT
SmartCraft is the leading Nordic provider of mission-critical SaaS solutions to
SMEs in the construction sector, increasing their productivity, margins, and
resource efficiency. The Group currently has more than 13 300 customers and 260
employees distributed across Norway, Sweden, Finland and UK. SmartCraft was
listed on the Oslo Stock Exchange in June 2021.

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