Norwegian Energy Company ASA receives approval to buy back shares

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Norwegian Energy Company ASA ("Noreco" or the "Company") has received approval from its RBL bank syndicate to initiate a share buyback programme of up to USD 20 million. This approval is valid until 19 June 2020.

The Board of Directors has previously been authorized by the Annual General Meeting to acquire shares with a nominal value up to NOK 7 194 730, which equates to 719 473 shares. This authorization is valid until 28 June 2020.

Contacts:
Euan Shirlaw, Chief Financial Officer 
Phone: +47 22 33 60 00
Mobile: +44 7979 690622

Investor Relations
Phone: +47 22 33 60 00
Email: investorrelations@noreco.com
 

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About Norwegian Energy Company ASA

Noreco is a publicly owned company with focus on the oil, gas and offshore industry. The company's shares are listed on the Oslo Stock Exchange (ticker NOR). For further information, please visit: www.noreco.com.