As announced May 13, 2022 Kongsberg Automotive ASA put in place a non-discretionary agreement with Danske Bank for the repurchase of Kongsberg Automotive shares for up to 10% of its outstanding shares in the market. The share repurchases started May 19, 2022.
| Date | Aggregated Daily Volume (# of Shares) | Weighted Average Price (NOK) | Total Transaction Value(NOK) |
| 5 July 2022 | 620.772 | 2,39 | 1.486.190 |
| 6 July 2022 | 633.389 | 2,39 | 1.510.759 |
| 7 July 2022 | 636.048 | 2,43 | 1.546.424 |
| 8 July 2022 | 612.550 | 2,51 | 1.535.540 |
| 11 July 2022 | 596.857 | 2,55 | 1.523.477 |
| Total Purchased under the Program (as of July 4, 2022) | 17.649.767 | 2,55 | 45.036.516 |
| Total Purchased under the Program (as of July 11, 2022) | 20.749.383 | 2,54 | 52.638.907 |
Kongsberg Automotive will seek approval from the 2023 Annual General Meeting for cancellation of the repurchased shares. For further information regarding the share buy-back program, please see the stock exchange notifications from May 13, 2021.
The buyback program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and Commission Delegated Regulation (EU) No 2016/1052 (“Safe Harbour Regulation”).
After the above-mentioned transactions Kongsberg Automotive owns a total of 20.853.040 own shares, corresponding to 1.98% of Kongsberg Automotive’s share capital.
SOURCE: Kongsberg
