Oslo, 06 June 2025 - Panoro Energy ASA ("Panoro" or the "Company") (OSE: PEN)
initiated a share buyback program on June 02, 2025, to repurchase up to NOK 100
million in value of the Company's common shares in open market transactions on
the OSE pursuant to an agreement with Arctic Securities AS (Arctic).
For the period from and including 02 June - 06 June 2025, Panoro purchased a
total of 125,000 shares at an average price of NOK 23.8725 per share.
Transaction overview
+--------------+-------+-------+-----------------+-----------------------+
|Date |Trading|Volume |Weighted average |Total daily cumulative |
| |Venue | |share price (NOK)|transaction value (NOK)|
+--------------+-------+-------+-----------------+-----------------------+
|2 June 25 |OSE |25,000 |23.8773 |596,933 |
+--------------+-------+-------+-----------------+-----------------------+
|3 June 25 |OSE |25,000 |23.7545 |593,862 |
+--------------+-------+-------+-----------------+-----------------------+
|4 June 25 |OSE |25,000 |24.1047 |602,618 |
+--------------+-------+-------+-----------------+-----------------------+
|5 June 25 |OSE |25,000 |23.9196 |597,990 |
+--------------+-------+-------+-----------------+-----------------------+
|6 June 25 |OSE |25,000 |23.7065 |592,662 |
+--------------+-------+-------+-----------------+-----------------------+
|Period total | |125,000|23.8725 |2,984,065 |
+--------------+-------+-------+-----------------+-----------------------+
|Previously | |- |- |- |
|disclosed buy | | | | |
|-backs | | | | |
|under the | | | | |
|program | | | | |
|(accumulated) | | | | |
+--------------+-------+-------+-----------------+-----------------------+
|Share Buy-back| |125,000|23.8725 |2,984,065 |
|Total * | | | | |
+--------------+-------+-------+-----------------+-----------------------+
* The commission cost to date for the share buy-back program amounts to NOK
5,968.
Program total cost: NOK 2,990,033
The issuer's holding of own shares: 125,000
Following the completion of the above transactions, Panoro owned a total of
125,000 of its own shares, corresponding to 0.110% of Panoro's share capital.
Appendix:
An overview of all transactions made under the Company's repurchase program
and its agreement with Arctic Securities that have been carried out during the
above-mentioned time period is attached to this report and available at
www.newsweb.no.
Contact information
For further information, please contact: investors@panoroenergy.com
About Panoro
Panoro Energy ASA is an independent exploration and production company based in
London and listed on the main board of the Oslo Stock Exchange with the ticker
PEN. Panoro holds production, exploration and development assets in Africa,
namely interests in Block-G, Block S, Block EG-01 and Block EG-23 offshore
Equatorial Guinea, the Dussafu Marin, Niosi Marin and Guduma Marin Licenses
offshore southern Gabon, the TPS operated assets in Tunisia and onshore
Exploration Right 376 in South Africa.
Visit us at www.panoroenergy.com.
Follow us on LinkedIn (https://www.linkedin.com/company/panoro-energy)