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 weighted Total
volume (no. of average price transaction
shares) (NOK) value (NOK)
02.04.2024 66 819 100.77 6 733 504
Total previously announced 4 111 490 95.65 393 266 457
transactions under the
program:
Total transactions under the 4 178 309 95.73 399 999 961
program:
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.
www.storebrand.no
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.