Itera ASA (Itera) has decided to initiate a share buyback
program of up to 1.0 million shares. The buyback program is
based on the authorization to the Board of Directors as
resolved at the Annual General Meeting on 21 May 2015.
The buyback program will be based on market price on the
Oslo Stock Exchange. The program is implemented from today
and end no later than 31st May 2016.
Due to the low liquidity in the Itera's share the daily
volume in the buyback program may exceed the 25 % limit
recommended in Børssirkulære 2/2008.
The shares purchased under the program will be used to
Itera's share option program for leading employees.