Reference is made to the stock exchange announcement from HAV Group ASA ("HAV"
or the "Company") of 24 May 2023 regarding the continuation of the repurchase
program of up to 7,000,000 own shares. The Company may however only acquire
treasury shares provided that the total nominal value of the holding of treasury
shares does not exceed 10% of the Company's current share capital at any time,
as of today corresponding to 3,500,000 shares.
The continuation of the repurchase program is based on the new authorizations
given to the board by the Company's annual general meeting held on 24 May 2023.
The repurchase program can be implemented in the period until the annual general
meeting in 2024, but no longer than until 30 June 2024.
The following repurchases have been made in accordance with the "safe harbor"
rules, which includes a limitation of 25% of the average daily volume traded in
the last 20 trading days:
Date Volume Average price Total cost (NOK)
09.11.23 2.000 9,4100 18.820,00
10.11.23 2.254 9,2911 20.942,14
13.11.23 5.295 9,3717 49.623,15
14.11.23 4.484 9,1375 40.972,55
15.11.23 3.000 9,0960 27.288,00
16.11.23 600 9,0000 5.400,00
17.11.23 1.800 9,0133 16.223,94
Total previously published repurchases under the program:
4.248.815 12,4899 53.067.288,31
Total repurchases under the program:
4.268.248 12,4750 53 246 588,09
A detailed overview of all completed transactions under the repurchase program
carried out during the above time period is attached hereto and available at
www.newsweb.no.
At present date, HAV owns 3.249.067 treasury shares in the Company,
corresponding to 9.28 % of HAV's share capital.
For further information, please contact:
Gunnar Larsen, CEO
Tel: +47 90 10 56 94
Email: gunnar.larsen@havgroup.no
This information is published in accordance with the Market Abuse Regulation
(EU) 596/2014 Article 5, as supplemented by delegated Commission Regulation (EU)
2016/1052, and is subject to disclosure requirements in accordance with the
Securities Trading Act § 5-12.