Sea1 Offshore Inc - Announces Transactions Made Under the Company’s Share Repurchase Program

02 Dec 2024 07:00 CET

Sea1 Offshore Inc (“Sea1 Offshore” or the “Company”) (OSE: SEA1) initiated a
share repurchase program 14 November 2024 to repurchase up to 400,000 of the
Company’s common shares in open market transactions on the OSE until 15 December
2024. Sea1 Offshore has put in place an agreement with Arctic Securities AS for
the repurchase of the Company’s shares in the market.

For the period from and including 25 November through 29 November 2024, Arctic
Securities has on behalf of Sea1 Offshore purchased a total of 116,000 shares at
an average price of NOK 29.03 per share. The transactions effected through the
agreement with Arctic Securities comprise all the transactions effected by or on
behalf of Sea1 Offshore during the period. This completes the share repurchase
program announced on 14 November 2024.

Transaction overview
Date Trading Venue Volume Weighted average share price (NOK) Total daily
transaction value (NOK)
25 Nov. 2024 OSE 26,000 28.79 748,423
26 Nov. 2024 OSE 30,000 29.34 880,050
27 Nov. 2024 OSE 20,000 28.39 567,732
28 Nov. 2024 OSE 15,000 29.40 441,050
29 Nov. 2024 OSE 25,000 29.22 730,470
Period total OSE 116,000 29.03 3,367,725
Previously disclosed buy-buys under the program
(accumulated) OSE 284,000 28.79 8,175,078
Program total OSE 400,000 28.86 11,542,802


The issuer's holding of own shares: 400,000
Following the completion of the above transactions, Sea1 Offshore owned a total
of 400,000 of its own shares, corresponding to 0.26% of Sea1 Offshore’s share
capital. The repurchased shares will be sold to members of the management team
under Sea1 Offshore's long-term incentive plan upon completion of the share
repurchase program, as described in the press release dated 14 November 2024.


Appendix:
An overview of all transactions made under the Company’s share 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: Bernt Omdal, Chief Executive Officer,
Sea1 Offshore Inc. Phone +47 915 22 299

More information:
Access the news on Oslo Bors NewsWeb site

633593_Sea1_buyback 25 Nov - 29 Nov Trades.pdf