The Board of Directors of Nordic Semiconductor ASA has in a board meeting held on 18 October 2018, authorized the Company to commence a share repurchase program.
The share repurchase program will be carried out in accordance with applicable laws and regulations.
Key terms of the share repurchase program include:
* The maximum number of shares that the Company may purchase under the program is up to 9.97% of the outstanding shares, however limited to USD 15,000,000
* The shares may be purchased for a maximum of NOK 50.00
* The share repurchase program period runs from 19 October 2018 and ends on the latest on the Annual General Meeting in 2019
* No shares may be bought at a price higher than the greater of the share price of the latest independent trade or the highest current independent offer price at Oslo Børs at the time of the trade.
* The maximum number of shares in the Company which may be purchased on each trading day corresponds to maximum 20% of the average daily trading volume of the Company for that day.
Investor Relations contact: Pål Elstad, Chief Financial Officer Mobile: (+47) 99 166 293