Kongsberg Automotive has completed its share buyback program.
As previously announced, Kongsberg Automotive ASA (KA) has executed a buyback program of up to 2.5% of its outstanding shares in the market since November 17, 2023. Danske Bank has acted as an advisor for KA.
| Date | Aggregated Daily Volume (# of Shares) | Weighted Average Price (NOK) | Total Transaction Value(NOK) |
| March 05, 2024 | 300,000 | 1.63 | 490,620 |
| March 06, 2024 | 300,000 | 1.64 | 491,460 |
| March 07, 2024 | 300,000 | 1.64 | 491,580 |
| March 08, 2024 | 300,000 | 1.63 | 489,660 |
| March 11, 2024 | 385,578 | 1.65 | 636,242 |
| Total Purchased under the Program (between March 05, 2024 and March 11, 2024) | 1,585,578 | 1.64 | 2,599,562 |
| Total Purchased under the Program (as of March 11, 2024) | 23,785,578 | 1.88 | 44,708,488 |
See the attached document for information about the individual transaction made under the buy-back program.
For further information regarding the share buy-back program, please see the stock exchange notification published on November 15, 2023.
The buyback program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (MAR) and Commission Delegated Regulation (EU) No 2016/1052 (Safe Harbor Regulation).
After the above-mentioned transactions KA owns a total of 23,785,578 own shares, corresponding to 2.5% of KA’s share capital.
As communicated November 15, KA will publicly announce information about the transactions relating to the buy-back program, in a detailed form and in an aggregated form, no later than by the end of the seventh trading day following the date of the execution of such transactions. The aggregated form will indicate the aggregated volume and the weighted average price per day and per trading venue. The information will also be posted on the KA's website.
With this communication the share buy-back program is concluded.
Investor Relations contact:
Mads Langaard – Head of Investor Relations
mads.langaard@ka-group.com
+47 905 81 264
Media and communications contact:
Therese Sjöborg Skurdal – Director Corporate Communications
therese.skurdal@ka-group.com
+47 982 14 059
About Kongsberg Automotive ASA
Kongsberg Automotive provides cutting-edge technology to the global vehicle industry. We drive the global transition to sustainable mobility by putting engineering, sustainability, and innovation into practice. Our product portfolio includes driver and motion control systems, fluid assemblies, and industrial driver interface products. Find more information at: kongsbergautomotive.com