Lysaker, 16 October 2025 – The Board of Directors of Endúr ASA (“Endúr” or “The Company”) has resolved to prolong a share buy-back program (“The Program”) pursuant to the authorization granted by The Annual General Meeting on 20 May 2025.
The Program prolongs The Company’s previous buy-back program announced on 1 March 2024, which has been completed with a total repurchase of approximately NOK 51 million. The Program will be conducted in accordance with the “safe harbour” provisions of the EU Market Abuse Regulation (MAR) and associated guidelines.
Purpose
The purpose of The Program is capital allocation to the benefit of the shareholders and maintaining a practical stock of treasury shares. The Program is to be considered a stand-alone measure, independent of the dividend ambition communicated by The Company (cf. Endúr’s published dividend policy, April 2025).
Program framework
Buy-backs under The Program will be executed within the limitations set forth in the authorizations provided to The Board of Directors by The General Meeting and certain covenants provided in the The Company’s amended and restated bank financing agreement from this year.
The Program will be reinitiated after The Company’s publication of financial results for Q3 2025. Sparebank 1 Markets has been engaged to carry out the repurchases on behalf of The Company, exercising discretion within the parameters of The Program and applicable regulations.
The Board of Directors may adopt a value-based approach where the periodic trade orders may vary, for instance with respect to share price and share availability. In any case, no repurchases will be made at a price exceeding the maximum set forth in the authorization granted to The Board of Directors by The General Meeting.
In addition, the safe harbour requirements on price and volume apply, including that purchases may not be executed at prices higher than the highest independent trade or independent bid, and that daily volumes normally may not exceed 25% of the average daily trading volume.
Reporting and transparency
Transactions made under The Program will be disclosed in accordance with applicable regulations (MAR and the Norwegian Securities Trading Act section 5-12), typically by publishing aggregated daily data and detailed transaction information (volume, price, total amount, date/time) on NewsWeb.
Suspension and amendments
The Company may suspend or terminate The Program at any time, or make necessary adjustments within the limits of the general meeting authorization and applicable law.
Broker
SpareBank 1 Markets will act as broker and execute the purchases on behalf of The Company.
(ENDS)
For further information, please contact:
Media:
Jeppe Raaholt, CEO of Endúr, tel: +47 976 69 759
Investors:
Einar Olsen, CFO of Endúr, tel: +47 924 01 787
About Endúr ASA
Endúr ASA (OSE: ENDUR) is a leading supplier of construction and maintenance projects and services for infrastructure, including facilities for land-based aquaculture, quays, harbours, dams, bridges and other specialized concrete and steel projects. The company and its subsidiaries also offer a wide range of other specialized project and marine services. Endúr ASA is headquartered at Lysaker, Norway. See www.endur.no.