Norwegian Air completes share buyback program for employee incentive schemes

Norwegian Air Shuttle ASA (Norwegian) announced the completion of its share buy-back program, repurchasing 3,000,000 of its own shares. The program, initiated on November 17, 2025, and concluded on November 28, 2025, was conducted in conjunction with the company’s share savings plan and the long-term incentive program for executive management. DNB Carnegie, a part of DNB Bank ASA, managed the buy-back.

The aggregated volume purchased within this specific program period was 1,500,000 shares at an average VWAP of NOK 16.1221, totaling a transaction value of NOK 48,366,420 when combined with previously disclosed buy-backs. Daily volumes of 300,000 shares were acquired from November 24 to November 28, with VWAPs ranging from NOK 16.1812 to NOK 17.2826.

Following the completion of the program, Norwegian Air Shuttle ASA now holds 3,001,685 treasury shares. This total represents 0.28 percent of the company's total issued share capital.