KONGSBERG AUTOMOTIVE TO INITIATE THE SHARE REPURCHASE PROGRAM AS ANNOUNCED AT THE CAPITAL MARKETS DAY IN DECEMBER 2021
Following the successful divestments of Interior Comfort Systems and Light Duty Cables, and a thorough assessment of expected market conditions, the Board has resolved to initiate the previously announced share repurchase program. NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR OTHER MEASURES. Zurich, May 12, 2022: The Board of Directors of Kongsberg Automotive ASA (“Kongsberg Automotive” or “the Company”) has resolved to initiate the share