Storebrand ASA: STOREBRAND ASA: Share buyback program completed
Storebrand's buyback program, announced on 18 July 2022, is now completed.
The total number of shares purchased under the program was 6 477 024 at an average price of NOK 77.20 per share, for a total consideration of NOK 500 million.
Following the transactions, Storebrand ASA owns a total of 7 764 226 own shares, representing 1.65% of Storebrand ASA's share capital.
The shares repurchased under the buyback program will be redeemed (i.e. cancelled), subject to permission from the Financial Supervisory Authority and the approval from Storebrand ASA's General Meeting in 2023.
Overview of transactions
Date Aggregate daily Volume weighted Total
volume (no. of average price transaction
shares) (NOK) value (NOK)
17.10.2022 70 000 73,33 5 132 827
18.10.2022 65 000 75,33 4 896 138
19.10.2022 80 000 75,40 6 032 304
20.10.2022 120 000 75,00 9 000 420
21.10.2022 96 740 74,07 7 165 977
Total previously announced 6 045 284 77,38 467 772 421
transactions under the
program:
Attachment: An overview of all the completed transactions under the program for the dates specified above is attached to this notification and available on www.newsweb.no.
Lysaker, 24 October 2022