Panoro Energy Announces Transactions Made Under the Company’s Share Buyback Program

Source: www.gulfoilandgas.com 10/10/2024, Location: Europe

Panoro Energy ASA (“Panoro”) (OSE: PEN) initiated a share buyback program on May 23, 2024 to repurchase up to NOK 100 million in value of the Company’s common shares in open market transactions on the OSE pursuant to an agreement with Arctic Securities AS.

For the period from and including 7 October through 11 October 2024, Panoro purchased a total of 15,000 shares at an average price of NOK 28.6867 per share. The transactions effected through the agreement with Arctic comprise all the transactions effected by or on behalf of the Company during the period.

Transaction overview:

10-11 Oct 24
Trading Venue: OSE
Volume: 15,000
Weighted average share price (NOK): 28.6867
Total daily cumulative transaction value (NOK): 430,300

Period total
Trading Venue: OSE
Volume: 15,000
Weighted average share price (NOK): 28.6867
Total daily cumulative transaction value (NOK): 430,300

Previously disclosed buy-backs under the programme (accumulated)
Trading Venue: OSE
Volume: 1,211,500
Weighted average share price (NOK): 32.1220
Total daily cumulative transaction value (NOK): 38,915,846

Program total
Trading Venue: OSE
Volume: 1,226,500
Weighted average share price (NOK): 32.0800
Total daily cumulative transaction value (NOK): 39,346,146

The issuer's holding of own shares: 1,226,500
Following the completion of the above transactions, Panoro owned a total of 1,226,500 of its own shares, corresponding to 1.05% of Panoro's share capital.


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