Cxense ASA – acquisition of own shares and transfer of shares to the chairman of Cxense
Oslo, 1 June 2017. Reference is made to the stock exchange notice made by Cxense ASA (the “Company”) on 16 May 2017 in connection with the Company’s acquisition of 15,000 own shares following the resolutions made by the Company’ general meeting on 10 May 2017 regarding approved remuneration to the board of directors and granting by the general meeting of an authorisation to the Company’s board of directors to acquire own shares.
The Company has today acquired additional 11,177 shares in the Company at an average price of NOK 90.39 per share, resulting in the Company holding a total of 26,177 treasury shares.
In accordance with the resolution made by the general meeting on 10 May 2017, entitling the chairman of the board of directors to receive, as partly remuneration, shares in the Company at a value of NOK 2,500,000 calculated based on the average share price during May 2017, the Company has today transferred a total of 26,177 shares, free of charge, to the chairman.
The Company's total holding of treasury shares after the above mentioned transaction is 0 shares.
Investor Relations Contact:
Jørgen Loeng, Chief Financial Officer
Mobile: +47 906 60 062
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.