STOREBRAND ASA: Share buyback program completed
Storebrand's buyback program, announced on 24 April 2024, is now completed.
The total number of shares purchased under the program was 9 785 494 at an average price of NOK 112.41 per share, for a total consideration of NOK 1.1 billion.
Following the transactions, Storebrand ASA owns a total of 13 988 270 own shares, representing 3.12% of Storebrand ASA's share capital.
The shares repurchased under the buyback program 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) |
| 18.11.2024 | 25 000 | 121.24 | 3 030 958 |
| 19.11.2024 | 25 000 | 121.25 | 3 031 350 |
| 20.11.2024 | 38 152 | 121.69 | 4 642 763 |
| 21.11.2024 | 25 000 | 122.42 | 3 060 428 |
| 22.11.2024 | 24 187 | 122.51 | 2 963 103 |
| Total previously announced transactions under the program: | 9 648 155 | 112.28 | 1 083 271 327 |
| Total transactions under the program: | 9 785 494 | 112.41 | 1 099 999 931 |
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 November 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 1,347 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.