Schouw & Co. to initiate share buy-back programme of up to DKK 240 million

18 Dec 2025 13:12 CET

The Board of Directors of Aktieselskabet Schouw & Co. has decided to initiate a
share buy-back programme of up to DKK 240 million to be executed during the
period 2 January to 31 December 2026. The programme thus replaces the current
share buy-back programme, which has a formal expiry date of 31 December 2025 but
was fully executed on 12 December 2025.

The share buy-back programme is initiated pursuant to the authorisation granted
to the Board of Directors by the annual general meeting on 10 April 2025, which
authorises the company to acquire treasury shares at a nominal value of 20% in
total of the company's share capital. Currently, Schouw & Co. holds 2,242,793
treasury shares, equal to 8,97% of the share capital. Pursuant to the current
authorisation, a maximum number of 2,757,207 treasury shares may be acquired,
equal to 11.03% of the share capital.

The buy-back will be structured in accordance with Regulation (EU) No. 596/2014
of the European Parliament and of the Council of 16 April 2014 on market abuse
(MAR) and the Commission's delegated regulation (EU) 2016/1052 of 8 March 2016
("Safe Harbour" rules).

Purpose
The purpose of the share buy-back programme is to reduce the company's share
capital.

Terms
Schouw & Co. has appointed Nordea as lead manager for the share buy-back
programme. Subject to the said structure, Nordea will make its own trading
decisions independently of and without influence or involvement from Schouw &
Co.

Under the share buy-back programme, Schouw & Co. may purchase treasury shares of
up to a maximum amount of DKK 240 million. Schouw & Co. is entitled at any time
to suspend or end the programme, provided such is disclosed in a company
announcement.

On a weekly basis, Schouw & Co. will issue an announcement regarding
transactions made under the programme.

Aktieselskabet Schouw & Co.

Jørgen Dencker Wisborg, Chairman
Jens Bjerg Sørensen, President, telephone number +45 86 11 22 22

More information:
Access the news on Oslo Bors NewsWeb site

662379_2025-12-18 FBM25-59 New SBB ENG.pdf