Reference is made to the stock exchange announcement from HAV Group ASA ("HAV" or the "Company") of 30 May 2022 regarding the continuation of the repurchase program of up to 7,000,000 own shares. The Company may however only acquire treasury shares provided that the total nominal value of the holding of treasury shares does not exceed 10% of the Company's current share capital at any time, as of today corresponding to 3,500,000 shares.
The continuation of the repurchase program is based on the new authorizations given to the board by the Company's annual general meeting held on 30 May 2022. The repurchase program can be implemented in the period until the annual general meeting in 2023, but no longer than until 30 June 2023.
The following repurchases have been made in accordance with the "safe harbor" rules, which includes a limitation of 25% of the average daily volume traded in the last 20 trading days:
