STOREBRAND ASA: Share buyback program completed
Storebrand's buyback program, announced on 7 Februar 2024, is now completed.
The total number of shares purchased under the program was 4 178 309 at an average price of NOK 95.73 per share, for a total consideration of NOK 400 million.
Following the transactions, Storebrand ASA owns a total of 22 211 566 own shares, representing 4.77% of Storebrand ASA's share capital.
The shares repurchased under the buyback program that are not used for the company's remuneration program or stock purchase scheme for employees, will be redeemed (i.e. cancelled) subject to approval by the AGM in 2025.
Overview of transactions
| Date | Aggregate daily volume (no. of shares) | Volume weighted average price (NOK) | Total transaction value (NOK) |
| 02.04.2024 | 66 819 | 100.77 | 6 733 504 |
| Total previously announced transactions under the program: | 4 111 490 | 95.65 | 393 266 457 |
| Total transactions under the program: | 4 178 309 | 95.73 | 399 999 961 |
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, 2 April 2024
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 1,212 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.