NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES.
Reference is made to the stock exchange release of Itera ASA (“Itera” or the "Company") dated 6 May 2021 at 07:19 hours CEST concerning an offer to buy back shares in connection with the Company's employee option and share purchase program (the "Offer"). The Offer expired on 7 May 2021 at 15:00 hours CEST.
The Company has resolved to buy back 1,726,000 shares, as set out in the Offer, at a price of NOK 13.46 per share (the “Purchase Price”). The price was determined through a book-building process.
The trade date for the shares will be today 10 May 2021 and settlement will take place on 12 May 2021 (T+2).
As a result of the buy back, the Company owns 2,995,136 own shares, corresponding to 3.64% of the share capital and voting rights in the Company.
For further information, please contact:
Bent Hammer, CFO
+47 982 15 497
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act