Panoro Energy ASA - Announces Transactions Made Under the Company’s Share Buyback Program

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Oslo, 25 October 2024Panoro Energy ASA (“Panoro” or the “Company”) (OSE: PEN) initiated a share buyback program on May 23, 2024 to repurchase up to NOK 100 million in value of the Company’s common shares in open market transactions on the OSE pursuant to an agreement with Arctic Securities AS.

For the period from and including 21 October through 25 October 2024, Panoro purchased a total of 20,000 shares at an average price of NOK 27.6352 per share. The transactions effected through the agreement with Arctic comprise all the transactions effected by or on behalf of the Company during the period.

Transaction overview

Date

Trading Venue

Volume

Weighted average share price (NOK)

Total daily cumulative transaction value (NOK)

22 Oct 24

OSE

3,500

27.9167

97,708

23 Oct 24

OSE

3,500

27.7992

97,297

24 Oct 24

OSE

3,500

27.6684

96,839

25 Oct 24

OSE

9,000

27.4588

260,859

 

 

Period total

 

 

OSE

20,000

27.6352

552,703

Previously disclosed buy-backs under the programme (accumulated)

OSE

1,241,500

32.0299

39,765,159

Program total

OSE

1,261,500

31.9603

40,317,862

The issuer's holding of own shares: 1,261,500

Following the completion of the above transactions, Panoro owned a total of 1,261,500 of its own shares, corresponding to 1.08% of Panoro's share capital.

Appendix:

An overview of all transactions made under the Company’s repurchase program and its agreement with Arctic Securities that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

Contact information

For further information, please contact: investors@panoroenergy.com

About Panoro

Panoro Energy ASA is an independent exploration and production company based in London and listed on the main board of the Oslo Stock Exchange with the ticker PEN. Panoro holds production, exploration and development assets in Africa, namely interests in Block-G, Block S and Block EG-01 offshore Equatorial Guinea, the Dussafu Marin License offshore southern Gabon, the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia, and onshore Technical Co-operation Permit 218 in South Africa.

Visit us at www.panoroenergy.com.

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