AKVA group ASA initiates share buyback program
AKVA group ASA ("AKVA group" or the "Company") has decided to initiate a share buyback programme for up to 100 000 shares. The buyback programme will be conducted by market purchases in accordance with the authorization provided by the annual general meeting to the board of directors on 10 May 2017. Buyback transactions will be executed according to the market price on the Oslo Stock Exchange and the maximum aggregate consideration to be paid for shares acquired under the buyback programme is NOK 10 million. The programme will be initiated today and terminated on 22 June 2017 at the latest. AKVA group may at any time without further notice close or suspend the programme.
Shares purchased under the programme will be used for the Company's stock- and incentive program for own employees.
The maximum number of shares which may be purchased in any one day is limited to 50% of the average daily volume of AKVA group shares traded in the 20 trading days preceding the day of purchase.
The share buyback programme is managed and will be executed by Sparebank 1 Markets AS on behalf of AKVA group.
Date: 30 May 2017
AKVA group ASA
CONTACTS:
| Hallvard Muri | Chief Executive Officer |
| Phone: | +47 51 77 85 00 |
| Mobile: | +47 91 58 07 50 |
| E-mail: | hmuri@akvagroup.com |
| Simon Nyquist Martinsen | Chief Financial Officer |
| Phone: | +47 51 77 85 00 |
| Mobile: | +47 91 63 00 42 |
| E-mail: | snmartinsen@akvagroup.com |
AKVA group is the leading provider of technology and services to the global fish farming industry and the only with global distribution. The products consist of software systems, operational equipment and sensor systems, feed systems, cage systems, net cleaning systems, light systems and recirculation aquaculture systems.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AKVA group ASA via GlobeNewswire
