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

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Oslo, 06 December 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 29 November – 06 December 2024, Panoro purchased a total of 204,100 shares at an average price of NOK 26.9816 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)

29 November 24

OSE

70,000

26.5857

1,860,999

02 December 24

OSE

37,100

26.6848

990,006

03 December 24

OSE

37,000

27.6786

1,024,108

05 December 24

OSE

30,000

27.3851

821,553

06 December 24

OSE

30,000

27.0090

810,270

 

 

Period total

 

 

OSE

204,100

26.9816

5,506,936

Previously disclosed buy-backs under the programme (accumulated)

OSE

1,281,500

31.8821

40,856,871

Program total

OSE

1,485,600

31.2088

46,363,807

 

The issuer's holding of own shares: 1,485,600

Following the completion of the above transactions, Panoro owned a total of 1,485,600 of its own shares, corresponding to 1.27% 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, Niosi Marin and Guduma Marin blocks offshore southern Gabon, the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia, and onshore Exploration Right 376 in South Africa.

Visit us at www.panoroenergy.com.

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