STOREBRAND ASA: Share buyback program completed
Storebrand's buyback program, announced on 18 July 2022, is now completed.
The total number of shares purchased under the program was 6 477 024 at an average price of NOK 77.20 per share, for a total consideration of NOK 500 million.
Following the transactions, Storebrand ASA owns a total of 7 764 226 own shares, representing 1.65% of Storebrand ASA's share capital.
The shares repurchased under the buyback program will be redeemed (i.e. cancelled), subject to permission from the Financial Supervisory Authority and the approval from Storebrand ASA's General Meeting in 2023.
Overview of transactions
| Date | Aggregate daily volume (no. of shares) | Volume weighted average price (NOK) | Total transaction value (NOK) |
| 17.10.2022 | 70 000 | 73,33 | 5 132 827 |
| 18.10.2022 | 65 000 | 75,33 | 4 896 138 |
| 19.10.2022 | 80 000 | 75,40 | 6 032 304 |
| 20.10.2022 | 120 000 | 75,00 | 9 000 420 |
| 21.10.2022 | 96 740 | 74,07 | 7 165 977 |
| Total previously announced transactions under the program: | 6 045 284 | 77,38 | 467 772 421 |
Attachment: An overview of all the completed transactions under the program for the dates specified above is attached to this notification and available on www.newsweb.no.
Lysaker, 24 October 2022
For further inquiries, please contact:
Head of Investor Relations & Rating, Daniel Sundahl:
daniel.sundahl@storebrand.no or (+47) 913 61 899
Storebrand is a Nordic financial group, delivering increased security and financial wellness for people and companies. We offer sustainable solutions and encourage our customers to take good economic decisions for the future. Our purpose is clear: we create a brighter future.
Storebrand has about 40.000 corporate customers, 2 million individual customers and manages NOK 1 009 billion. The Group has its headquarter at Lysaker outside of Oslo, Norway. Storebrand (STB) is listed on Oslo Stock Exchange.
This is information is pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.