Pexip Holding ASA - Initiation of Share Buyback Program
Oslo, February 10, 2022: Pexip Holding ASA ("Pexip" or the "Company") has decided to initiate a buyback of its own shares in the market for a total amount of NOK 87.5 million.Pexip has an ongoing employee share-based compensation program with existing future commitments on delivery of shares. Due to a solid cash position, the Board believes that it is an attractive option to buy back shares to fulfil its obligations in future share option exercises. After this buyback program, Pexip will continue to have sufficient cash reserves to fund the communicated growth plan until the company returns