SATS ASA: SATS’ share buyback program has been completed
Reference is made to the stock exchange announcement made by SATS ASA ("SATS" or the "Company") on 11 February 2025 of the launch of SATS’ program to repurchase up to 10,000,000 of the Company’s shares in open market transactions for a total amount of up to NOK 100 million during the period from 17 February 2025, until no later than 25 April 2025, the last trading day before to the Company’s 2025 Annual General Meeting, pursuant to an agreement with DNB Markets.
SATS has now completed the share buyback program. A total of 3,222,237 shares, which equals 1.69% of the shares in the company, has been purchased on Oslo Stock Exchange, for a total consideration of NOK 99,988,713.90. The average price paid per share was NOK 31.0308. Following this, SATS owns a total of 3,408,778 own shares.
Overview of transactions 10-12 March 2025:
| Date | Aggregate daily volume (# of shares) | Weighted average price (NOK) | Total transactions value |
| 10.03.2025 | 178,963 | 30.0599 | 5,379,609.88 |
| 11.03.2025 | 210,000 | 30.2317 | 6,348,657.00 |
| 12.03.2025 | 163,500 | 30.1602 | 4,931,192.70 |
| Previously disclosed buybacks under the program | 2,669,774 | 31.2121 | 83,329,254.32 |
| Accumulated under the buyback program | 3,222,237 | 31.0308 | 99,988,713.90 |
Appendix:
An overview of all transactions made under the buyback program that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.
Please see the stock exchange announcement published on 11 February 2025, which is available at www.newsweb.no, for more information about the buyback program.
For further information, please contact:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Investor Relations, phone: +47 986 99 259
This announcement contains information that is subject to disclosure requirements pursuant to the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.