Pareto Bank ASA (the "Company") has today engaged Pareto Securities AS to
conduct a buyback of own shares to be used in the Company's bonus and share
purchase programs for management and employees.
The program's purpose is to fulfill obligations arising as a result of the
Company's bonus program, as well as facilitate the implementation of its share
purchase program.
The maximum pecuniary amount allocated to the program is NOK 15,000,000.
The maximum number of shares to be acquired is 320,000.
The buyback will be made in accordance with the authorization granted at the
Company's annual general meeting on 31 March 2022.
The buyback will commence 14 February 2023 and is expected to end no later than
25 March 2023. The shares shall be purchased on Oslo Børs.
Shareholders with questions regarding the share buyback program are kindly asked
to contact CFO Erling Mork tlf. +47 91 19 59 70.
This information is subject to disclosure under the Securities Trading Act
section 5-12.