ABG Sundal Collier launches share buyback program
ABG Sundal Collier Holding ASA (ABGSC) has announced a share buyback program, seeking to repurchase up to NOK 50,000,000 worth of its own shares. The buyback will be conducted via a reverse bookbuilding process, allowing shareholders to submit sales offers. The bookbuilding period is expected to conclude at 4:30 p.m. CEST on October 22, 2025. ABGSC retains the right to modify or terminate the offer.
The buyback is authorized by the company’s annual general meeting on April 24, 2025. If total accepted sales offers exceed the NOK 50,000,000 limit, a pro-rata reduction will be applied. The repurchased shares will be used, in whole or in part, to settle ABGSC's existing forward contracts with partners for 61,817,686 shares, settling between 2025 and 2031. The company currently holds 15,224,676 treasury shares.
The announcement states the offer is not for distribution or release in the United States or any other jurisdiction where it would be unlawful, emphasizing restrictions on distribution and participation.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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