ABL Group Announces Transactions Made under Share Buyback Program

Source: www.gulfoilandgas.com 3/26/2024, Location: Europe

ABL Group ASA (“ABL Group”) (OSE: ABL) initiated a share buyback program 20 March 2024 to repurchase up to 250,000 of the Company’s common shares in open market transactions on the OSE until the date the maximum number of shares have been repurchased. If the buyback is not completed before the 2024 Annual General Meeting (expected on or about 29 May 2024), the buyback shall be temporarily paused and may later continue, subject to the Board’s renewed approval, in accordance with a new authorization to repurchase shares expected to be granted to the Board of Directors by the 2024 Annual General Meeting.

For the period from and including 20 March through 22 March 2024, ABL Group purchased a total of 27,400 shares at an average price of NOK 12.18 per share. The transactions effected through the agreement with Arctic comprise all the transactions effected by or on behalf of ABL Group during the period.

Transaction overview:

Aggregated daily volume (# of shares): 10 900
Weighted average price (NOK): 12.30
Total daily transaction value (NOK): 134 084

Aggregated daily volume (# of shares): 6 000
Weighted average price (NOK): 12.24
Total daily transaction value (NOK): 73 410

Aggregated daily volume (# of shares): 10 500
Weighted average price (NOK): 12.02
Total daily transaction value (NOK): 126 250

Period total
Aggregated daily volume (# of shares): 27 400
Weighted average price (NOK): 12.18
Total daily transaction value (NOK): 333 744

Total earlier announced buy-back under the program
Aggregated daily volume (# of shares): 0
Weighted average price (NOK): 0
Total daily transaction value (NOK): 0

Program total
Aggregated daily volume (# of shares): 27 400
Weighted average price (NOK): 12.18
Total daily transaction value (NOK): 333 744

The issuer's holding of own shares: 27,400
Following the completion of the above transactions, ABL Group owned a total of 27,400 of its own shares, corresponding to 0.02% of ABL Group's share capital.

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