Scatec ASA: Initiation of a share buyback for Employee Share Purchase Programme
10 Junio 2024 - 11:49AM
Scatec ASA: Initiation of a share buyback for Employee Share
Purchase Programme
Oslo, 10 June 2024: Scatec ASA ("Scatec" or the "Company") has
decided to initiate a buyback of up to 50,162 of its own shares for
a total maximum amount of NOK 6,484,000. The buyback programme may
be carried out in the period from this announcement and until 14
June 2024.
The purpose of the programme is to acquire shares that can be
sold to employees as part of the Company's Employee Share Purchase
Programme as announced in the stock exchange announcement published
3 June 2024 at 08.00 (CEST) in compliance with the EU Market Abuse
Regulation article 5, and as approved by the General Meeting of the
Company.
The Company has engaged DNB Bank ASA to carry out the buyback.
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 18 April 2024. According to the authorisation, up
to 2,801,451 shares may be purchased at a minimum of NOK 1 and a
maximum of NOK 1,000 per share. The authorisation is valid until
the Annual General Meeting in 2025, however no later than 30 June
2025.
All acquisitions under the buyback programme will be executed on
Euronext Oslo Børs. The execution of any repurchases will depend on
market conditions, the buyback programme may be discontinued at any
time and the Company may resolve to terminate the buyback programme
before the threshold set out above is reached.
Scatec does not hold any own shares as of the date of this
announcement.
For further information, please contact:
Andreas Austrell, VP Investor Relations, ir@scatec.com
About Scatec Scatec is a leading
renewable energy solutions provider, accelerating access to
reliable and affordable clean energy emerging markets. As a
long-term player, we develop, build, own, and operate renewable
energy plants, with 4.6 GW in operation and under construction
across four continents today. We are committed to grow our
renewable energy capacity, delivered by our passionate employees
and partners who are driven by a common vision of ‘Improving our
Future’. Scatec is headquartered in Oslo, Norway and listed on the
Oslo Stock Exchange under the ticker symbol ‘SCATC’. To learn
more, visit www.scatec.com or connect with us
on LinkedIn.
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
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