STOREBRAND ASA – Initiating NOK 500 million Share Buyback Program today
The Board of Storebrand ASA ("the Board") has decided to continue the share buyback program today, 14 July 2023, with a tranche amounting to a maximum of NOK 500 million ("the program"). This is equivalent to approx. 1.2% of the share capital in Storebrand ASA given the last closing price of NOK 87.66. The program will end no later than 22 September 2023. After the publication of Storebrand's 1st quarter 2023 results, Storebrand applied to the Norwegian Financial Supervisory Authority (NFSA) for another NOK 1 billion in share buybacks, divided into two equal tranches of NOK 500 million,