STOREBRAND ASA: Share buyback program completed
Storebrand's buyback program, announced on 22 September 2023, is now completed.
The total number of shares purchased under the program was 5 571 186 at an average price of NOK 89.75 per share, for a total consideration of NOK 500 million.
Following the transactions, Storebrand ASA owns a total of 18 177 606 own shares, representing 3.9% 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) |
| 18.12.2023 | 7 000 | 91.09 | 637 630 |
| 19.12.2023 | 23 000 | 90.90 | 2 090 700 |
| 20.12.2023 | 65 000 | 90.60 | 5 889 260 |
| 21.12.2023 | 100 000 | 89.35 | 8 935 100 |
| 22.12.2023 | 46 186 | 89.36 | 4 127 269 |
| Total previously announced transactions under the program: | 5 330 000 | 89.74 | 478 319 993 |
| Total transactions under the program: | 5 571 186 | 89.75 | 499 999 961 |
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 December 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 1,131 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.