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KCC: Transactions made under share buyback program
27 Jan 2025 17:40 CET
Issuer
Klaveness Combination Carriers
Oslo, 27 January 2025: Reference is made to the stock exchange announcement made
by Klaveness Combination Carriers ASA ("KCC" or the "Company") on 13 December
2024 of the launch of KCC’s program to repurchase up to 1,200,000 of the
Company’s shares in open market transactions for a total amount of up to USD
9,100,000 during the period from 13 December 2024, until no later than 31 March
2025, pursuant to an agreement with DNB Markets. For the period from and
including 21 January 2025, through 27 January 2025, the Company purchased a
total of 178,087 shares at an average price NOK 72.87 per share, all purchased
as ordinary market purchases on Euronext Oslo Børs. Please find below the
transaction overview:
-------------------------------------------
Date / Aggregated daily volume (#shares) / Weighted average share price per day
(NOK) / Total daily transaction value (NOK)
21.01.2025 / 35,132 / 74.24 / 2,608,305
22.01.2025 / 35,245 / 72.72 / 2,562,861
23.01.2025 / 35,261 / 73.50 / 2,591,729
24.01.2025 / 35,921 / 72.80 / 2,615,146
27.01.2025 / 36,528 / 71.18 / 2,599,972
Total for the period (#shares / Weighted average share price (NOK) / Total
transaction value (NOK))
178,087 / 72.87 / 12,978,013
Previously disclosed buybacks under the program (#shares / Weighted average
share price (NOK) / Total transaction value (NOK))
673,613 / 74.74 / 50,346,594
Accumulated under the buyback program (#shares / Weighted average share price
(NOK) / Total transaction value (NOK))
851,700 / 74.35 / 63,324,607
The total transaction value for the period 21 Jan – 27 Jan 2025 equals
approximately USD 1.2 million and the transaction value for the total buybacks
under the program equals approximately USD 5.6 million based on daily USDNOK
from Norges Bank.
-------------------------------------------
The issuer’s holding of own shares:
Following the completion of the above transactions, KCC owns a total of 857,983
of own shares (including 6,283 shares owned prior to the launch of the buyback
program), corresponding to 1.42% of KCC’s share capital.
Appendix:
An overview of all transactions made under the buyback program that have been
carried out during the above-mentioned time period is attached to this report
and available at www.newsweb.no.
For further queries, please contact:
Engebret Dahm, CEO, Telephone +47 957 46 851
Liv Dyrnes, CFO, Telephone +47 976 60 561
About Klaveness Combination Carriers ASA:
KCC is the world leader in combination carriers, owning and operating eight CABU
and eight CLEANBU combination carriers with three CABU vessels under
construction for delivery in 2026. KCC’s combination carriers are built for
transportation of both wet and dry bulk cargoes, being operated in trades where
the vessels efficiently combine dry and wet cargoes with minimum ballast.
Through their high utilization and efficiency, the vessels emit up to 40% less
CO2 per transported ton compared to standard tanker and dry bulk vessels in
current and targeted combination trading patterns.
More information:
Access the news on Oslo Bors NewsWeb site
637228_KCC share buyback transaction details 21-27 January 2025.pdf
Source
Klaveness Combination Carriers ASA
Provider
Oslo Børs Newspoint
Company Name
KLAVENESS COMBINATION CARRIERS, Klaveness Combinatio ASA 23/28 FRN FLOOR
ISIN
NO0010833262, NO0013008656
Symbol
KCC
Market
Oslo Børs