Initiation of share repurchase program

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The Board of Directors of Atea ASA has resolved to initiate a share repurchase program. The share repurchase program is in accordance with the power of attorney granted to the Board by the Annual General Meeting of Atea ASA on April 29, 2021.

The share repurchase program will be for a maximum consideration of NOK 180 million, and for a maximum of 1,000,000 shares. The program will commence on February 14 and continue until March 31, 2022 or until the maximum number of shares has been repurchased. Buyback transactions will be executed according to the market price on the Oslo Stock Exchange, and the maximum price to be paid per share under the program is NOK 180. Shares repurchased under the program will be used to fulfill the company’s obligations under its share-based compensation agreements. Atea will appoint a financial institution to carry out the share repurchase program.

The maximum number of shares purchased per day will be 25% of the average daily turnover in the 20 trading days preceding the date of purchase. This limit is in accordance with Market Abuse Regulation (MAR) requirements as described in Article 3 of the EU Commission delegated regulation 2016/1052, and as implemented in Norway under the Securities Trading Act.

For more information, please contact:

Steinar Sønsteby, CEO Atea ASA, mobile (+47) 930 55 655
Robert Giori, CFO Atea ASA, mobile (+47) 934 09 188

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.