Share buyback to fulfill stock based compensation obligations

20 Dec 2024 14:26 CET

Oslo, 20 December 2024: Otovo ASA (the "Company") has decided to initiate a
buyback of up to 250,000 of its own shares for a total maximum amount of NOK
300,000 in the period from this announcement and until 31 January 2025. The
purpose is to fulfill obligations arising in accordance with the Company’s share
purchase programme.

The buybacks will be made in accordance with the authorisation granted to the
board of directors by the Company’s annual general meeting held on 17 April 2024
and in accordance with the principles of the Market Abuse Regulation (EU) No
596/2014 and the safe harbour conditions set forth in the Commission Regulation
(EU) No. 2016/1052.

The Company has engaged Arctic Securities, to manage and carry out the share
buyback program and all acquisitions under the buyback programme will be
executed on Euronext Oslo Børs. The execution of repurchases may be discontinued
at any time and the Company may resolve to terminate the buyback programme
before the threshold set out above is reached.

The Company has previously acquired 357,600 shares pursuant to the
authorisation. Otovo owns 240,080 own shares in the Company as of the date of
this Announcement.

For further information, please contact Petter Ulset, CFO
(petterul@otovo.com)

This disclosure is subject to the disclosure requirements pursuant to section
5-12 of the securities trading act and article 5 of the EU Market Abuse
Regulation.


***

About Otovo: For homeowners, Otovo is the easiest way to get solar panels on the
roof, and batteries in the home. Otovo is a marketplace that organises hundreds
of local, high quality and qualified energy installers. The company uses its
proprietary technology to analyse the potential of any home and finds the best
price and installer for customers based on an automatic bidding process between
available installers.

Follow us on investor.otovo.com for reports, financial calendar, contact
details, and more.

More information:
Access the news on Oslo Bors NewsWeb site