The Board of Directors of SATS ASA ("SATS" or "the Company") has resolved to
initiate a share buyback program to be executed in accordance with the
authorization granted to the Board of Directors by the Annual General Meeting
of SATS held on 28 April 2025 ("the 2025 AGM").
The share buyback program will commence on 31 October 2025 and end no later
than the Company's Annual General Meeting of 2026. The buyback program
authorizes the repurchase of shares for a total consideration of up to NOK 100
million, and a maximum of 3,500,000 shares. SATS' holding of own shares may,
however, not at any point exceed the authorization granted by the 2025 AGM.
The purpose of the program is to optimize the share capital structure through
a redemption of treasury shares, which is considered to be beneficial for the
Company's shareholders.
SATS has engaged DNB Carnegie, a part of DNB Bank ASA, to manage and carry out
the share repurchases in the market. No acquisition will be made during a
30-day period prior to the Company's reporting of a quarterly report.
The share buyback program will be carried out in accordance with Regulation
(EU) No 596/2014 (the "Market Abuse Regulation") and Commission Delegated
Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").
The Company reserves the right to make subsequent changes to the above terms
for the program and will in such case make appropriate announcements in this
respect.
For further information, please contact:
Stine Klund, Investor Relations, phone: +47 986 99 259
The buyback program is carried out in accordance with the Market Abuse
Regulation (EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU)
No 2016/1052 ("Safe Harbour Regulation"). This is information that SATS is
obliged to make public pursuant to the EU Market Abuse Regulation and subject
to the disclosure requirements pursuant to Section 5-12 the Norwegian
Securities Trading Act.