Multiconsult ASA – share repurchase programme

The Annual General Meeting of Multiconsult ASA (“Multiconsult”) held on 11 May 2017 resolved to authorise the board of directors to acquire own shares in the company. Pursuant to the resolution, Multiconsult may purchase own shares with a maximum aggregate nominal value of NOK 1 312 460, equal to 2 624 920 shares. The maximum and the minimum amount which may be paid per share are NOK 250 and NOK 5, respectively. The authorisation is valid until the Annual General Meeting in 2018, however, no longer than to 30 June 2018.

The board of directors of Multiconsult has resolved to initiate a share repurchase programme on the basis of this authority. Shares acquired under the programme will be used in connection with Multiconsult’s employee share purchase programme.

The maximum number of shares which may be acquired in the market for the employee share purchase programme will be 210 000 shares. The shares will, unless otherwise announced, be acquired during the period 22 September – 29 November 2017.

The maximum number of shares which may be acquired during any one trading day will be equal to 50% of the average daily volume in Multiconsult’s shares on Oslo Børs in August 2017, i.e. up to 8,503 shares per trading day.

Multiconsult has engaged Arctic Securities AS to carry out the share repurchase programme on its behalf.
   
 
For further information, please contact:
 
Investor relations:
    Mirza Koristovic, Head of Investor Relations
    Phone: +47 93 87 05 25
    E-mail: ir@multiconsult.no


Media:
    Gaute Christensen, VP Communications
    Phone: +47 911 70 188
    E-mail: gaute.christensen@multiconsult.no

   

ABOUT MULTICONSULT ASA
Multiconsult is a leading Norwegian multidisciplinary engineering consulting company, with more than 2 400 employees and 45 offices in Norway and abroad. The Company focuses on six business areas: Buildings & Properties, Transport, Renewable Energy, Oil & Gas, Industry and Water & Environment. The Company has an operating history that spans more than a century, with the inception of Norsk Vandbygningskontor in 1908. In 2015 Multiconsult completed more than 9 000 projects for approx. 4 000 different customers.

About Us

Multiconsult is one of the leading firms of consulting engineers and designers in Norway. The company delivers multidisciplinary consulting and design, project engineering and management, verification, inspection and supervision – to customers in Norway and abroad, focusing on the following sectors: buildings & properties, industry, oil & gas, transportation & infrastructure, energy, environment & natural resources. Visit www.multiconsultgroup.com for more information.

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