In accordance with the authorization to acquire own shares
given at the Annual General Meeting on 27 May 2015, the
Board of Directors of XXL ASA initiates a program to buy-
back own shares. With reference to the stock exchange
announcement on 19 February 2016 concerning a program for
restricted share units, the share buy-back program is to
cover for these stocks. The total number of shares to be
acquired is up to 97,000 shares and the exact number of
restricted share units will be available and disclosed soon.
The highest price to be paid per share will be NOK 110, but
shall in no event exceed the prevailing market price at the
Oslo Stock Exchange on the relevant trading day. The shares
will be purchased from the open market.
The share buy-back program will commence on 29 February 2016
and will continue until end of March 2016. The shares
purchased will in full be used in the above mentioned
program for restricted share units.
For further queries, please contact:
Tolle O. R. Grøterud, Head of Investor Relations, XXL ASA
Tel: +47 90 27 29 59
E-mail: ir@xxlasa.com
About XXL ASA
XXL is a leading sports retailer with stores and e-commerce
in Norway, Sweden and Finland. It is the fastest growing
among the major sports retailers in the Nordic. XXL pursues
a broad customer appeal, offering a one stop shop experience
with a wide range of products for sports, hunting, skiing,
biking and other outdoor activities. XXL's concept is to
have the largest stores with the lowest prices and the
widest assortment of products, focusing on branded goods