As announced on November 7, 2023 Kongsberg Automotive ASA (KA) has put in place
a non-discretionary agreement with Danske Bank for the repurchase of up to 2.5%
of its outstanding shares in the market. The share repurchases started on
November 17, 2023.
+-------------------------------------+----------------+-------------+----------
-+
|Date |Aggregated Daily|Weighted |Total
|
| |Volume (# of |Average
Price|Transaction|
| |Shares) |(NOK) |Value(NOK)
|
+-------------------------------------+----------------+-------------+----------
-+
|November 23, 2023 |300,000 |2.12 |636,870
|
+-------------------------------------+----------------+-------------+----------
-+
|November 24, 2023 |300,000 |2.07 |620,790
|
+-------------------------------------+----------------+-------------+----------
-+
|November 27, 2023 |300,000 |2.02 |605,160
|
+-------------------------------------+----------------+-------------+----------
-+
|Total Purchased under the Program |900,000 |2.07 |1,862,820
|
|(between November 23 and November 27,| | |
|
|2023) | | |
|
+-------------------------------------+----------------+-------------+----------
-+
|Total Purchased under the Program (as|2,100,000 |2.11 |4,444,680
|
|of November 27, 2023) | | |
|
+-------------------------------------+----------------+-------------+----------
-+
| | | |
|
+-------------------------------------+----------------+-------------+----------
-+
See the attached document for information about the individual transaction made
under the buy-back program.
For further information regarding the share buy-back program, please see the
stock exchange notification published on November 15, 2023.
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 Harbor Regulation).
After the above-mentioned transactions KA owns a total of 2,100,000 own shares,
corresponding to 0.22% of KA's share capital.
As communicated November 15, KA will publicly announce information about the
transactions relating to the buy-back program, in a detailed form and in an
aggregated form, no later than by the end of the seventh trading day following
the date of the execution of such transactions. The aggregated form will
indicate the aggregated volume and the weighted average price per day and per
trading venue. The information will also be posted on the KA's website. The next
announcement will be made after the trading day of December 4.
Investor Relations contact:
Mads Langaard - Head of Investor Relations
mads.langaard@ka-group.com
+47 905 81 264
Media and communications contact:
Therese Sjöborg Skurdal - Director Corporate Communications
therese.skurdal@ka-group.com
+47 982 14 059
About Kongsberg Automotive ASA
Kongsberg Automotive provides cutting-edge technology to the global vehicle
industry. We drive the global transition to sustainable mobility by putting
engineering, sustainability, and innovation into practice. Our product portfolio
includes driver and motion control systems, fluid assemblies, and industrial
driver interface products. Find more information
at: kongsbergautomotive.com (https://www.kongsbergautomotive.com/)