Reference is made to the stock exchange announcement from Gram Car Carriers ASA
("GCC" or the "Company") of 8 May 2023, 16 May 2023, 30 May 2023 and 8 June 2023
regarding the repurchase program of up to 300,000 own shares.
The repurchase program is based on the authorizations given to the board by the
Company's annual general meeting held on 12 May 2022 and 12 May 2023. The
Company has today completed the repurchase program.
The following repurchases have been made between 9 June 2023 and 15 June 2023 in
accordance with the "safe harbour" rules, which includes a limitation of 25% of
the average daily volume traded in the last 20 trading days:
Date Volume Average price Total cost (NOK)
09.06.2023 14,444 174.3320 2,518,051
12.06.2023 11,246 172.7999 1,943,308
13.06.2023 12,518 172.1614 2,155,116
14.06.2023 12,057 173.1710 2,087,923
15.06.2023 3,676 176.2318 647,828
Total previously published repurchases under the program:
Volume Average price Total cost (NOK)
246,059 168.1167 41,366,622
Total repurchases under the program:
Volume Average price Total cost (NOK)
300,000 169.0628 50,718,848
A detailed overview of all completed transactions under the repurchase program
carried out during the above time period (9 June 2023 - 15 June 2023) is
attached hereto. At present date, GCC owns 300,000 treasury shares in the
Company, corresponding to 1,02% of GCC's share capital.
For further information, please contact:
CFO: Gunnar S. Koløen
Telephone: +65 9176 6661
E-mail: gunnar.koloen@gramcar.com
Head of Projects and IR: Mas Gram
Telephone: +47 954 10 093
E-mail: mas.gram@gramcar.com
This information is published in accordance with the Market Abuse Regulation
(EU) 596/2014 Article 5, as supplemented by delegated Commission Regulation (EU)
2016/1052, and is subject to disclosure requirements in accordance with the
Securities Trading Act § 5-12.