StrongPoint ASA: Initiates share buyback program
StrongPoint ASA ("Company") (Ticker: STRO) has decided to initiate a share buyback program. The program will be limited in size up to NOK 10 million. The buyback program will be conducted in accordance with the authorization provided by the Annual General Meeting to the Board of Directors on 28 April 2022.
The shares in the program will be purchased through ordinary market trades on the Oslo Stock Exchange. The program will be initiated on 18 August 2022 and terminated on 31 December 2022 at the latest.
The shares purchased under this program will be used in connection with the Company's share program for employees, the Board of Directors and the incentive programs for executive management and key employees.
This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-12.
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About StrongPoint
StrongPoint is a retail technology company that provides solutions to make shops smarter, shopping experiences better and online grocery shopping more efficient. With over 500 employees in Norway, Sweden, the Baltics, Spain, the UK and Ireland and together with a wide partner network, StrongPoint supports businesses in more than 20 countries. StrongPoint provides in-store cash management and payment solutions, electronic shelf labels, self-checkouts, task and labor management software, click & collect temperature-controlled grocery lockers, in-store and drive-thru grocery pickup solutions and grocery order picking solutions. StrongPoint is headquartered in Norway and is listed on the Oslo Stock Exchange with a revenue of 1bn NOK [ticker: STRO].
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