Norwegian Energy Company ASA - Share buyback programme - increase in volume

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. 

Oslo, 9 March 2020: Reference is made to the stock exchange release of 27 February 2020 in which Norwegian Energy Company ASA ("Noreco" or the "Company") initiated a share buyback programme of up to 160,000 own shares. Due to limited traded volume, the maximum number of shares that may be acquired during any trading day is increased from 25% to 50% of the average daily volume in Noreco's shares on the Oslo Stock Exchange during January 2020. 

 

Contacts:

Euan Shirlaw, Chief Financial Officer
Phone: +44 7979 690622
Email: es@noreco.com

Frederik Rustad, EVP Corporate Finance & Investments
Phone: +47 922 94 999
Email: fr@noreco.com

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This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
The buyback and the distribution of this announcement and other information in connection therewith may be restricted by law in certain jurisdictions, and the buyback is not made in any jurisdiction in which this would be unlawful, require registration or other measures. The Company does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. 
The buyback is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, its territories and possessions, any State of the United States and the District of Columbia (the "United States") or any other jurisdiction in which this would be unlawful. This includes, but is not limited to, facsimile transmission, internet delivery, e-mail, telex and telephones. Accordingly, copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into the United States and so doing may invalidate any purported sales offer.

 

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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.

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