The Board of Directors of SATS ASA ("SATS" or "the Company") has resolved to initiate a share buyback program to be executed in accordance with the authorization granted to the Board of Directors by the Annual General Meeting of SATS held on 5 May 2026 ("the 2025 AGM").
The share buyback program may commence from 13 May 2026 and will end no later than the Company's Annual General Meeting of 2027. The buyback program authorizes the repurchase of shares for a total consideration of up to NOK 200 million, and a maximum of 7,000,000 shares. SATS' holding of own shares may, however, not at any point exceed the authorization granted by the 2026 AGM. The purpose of the program is to optimize the share capital structure through a redemption of treasury shares, as well as to acquire shares for the Company's share purchase program, which is considered to be beneficial for the Company's shareholders.
SATS has engaged DNB Carnegie, a part of DNB Bank ASA, to manage and carry out the share repurchases in the market. The Company reserves the right to make subsequent changes to the above terms for the program and will in such case make appropriate announcements in this respect.
For further information, please contact:
Stine Klund, Investor Relations, phone: +47 986 99 259
The buyback program is carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU) No 2016/1052 ("Safe Harbour Regulation"). This is information that SATS is
obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.