STOREBRAND ASA: Share buyback program completed
Storebrand's buyback program, announced on 14 July 2023, is now completed.
The total number of shares purchased under the program was 5 806 821 at an average price of NOK 86.11 per share, for a total consideration of NOK 500 million.
Following the transactions, Storebrand ASA owns a total of 12 627 409 own shares, representing 2.71% 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 resolution from Storebrand ASA's General Meeting in 2024.
Overview of transactions
| Date | Aggregate daily volume (no. of shares) | Volume weighted average price (NOK) | Total transaction value (NOK) |
| 18.09.2023 | 85 000 | 86.50 | 7 352 653 |
| 19.09.2023 | 75 000 | 86.18 | 6 463 658 |
| 20.09.2023 | 35 000 | 86.52 | 3 028 372 |
| 21.09.2023 | 125 000 | 87.17 | 10 896 213 |
| 22.09.2023 | 39 207 | 86.50 | 3 391 268 |
| Total previously announced transactions under the program: | 5 447 614 | 86.07 | 468 867 828 |
| Total transactions under the program: | 5 806 821 | 86.11 | 499 999 991 |
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, 22 September 2023
For further inquiries, please contact:
Johannes Narum, Head of Investor Relations:
johannes.narum@storebrand.no or (+47) 993 33 569
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 55.000 corporate customers, 2.2 million individual customers and manages NOK 1,143 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.