Vend Marketplaces ASA: Initiation of first tranche of share buyback programme

Vend Marketplaces ASA ("Vend" or the "Company") today announces the initiation of the first tranche of a share buyback programme which is planned to cover purchases up to NOK 4 billion in total, split into two tranches comprising NOK 2 billion each. The buyback programme is in line with the Company's previously communicated intention to return capital to shareholders.

The Company has entered into a non-discretionary agreement with Skandinaviska Enskilda Banken AB to carry out the first tranche of the programme on behalf of Vend. The agreement and initiation of the first tranche of the buyback programme is conditional upon the approval by the Annual General Meeting on 30 April 2026 (the “AGM”) of the proposed Board authorisation to buyback company shares (the “Authorisation”). 

Subject to the approval by the AGM and the registration of the Authorisation in the Norwegian Company Register, the first tranche of the buyback programme will commence on 4 May 2026 and shall be finalised within 30 October 2026. 

The first tranche of the programme is limited to NOK 2 billion equivalent to approximately 3.8% of the issued shares in Vend (total issued shares are approximately 218 million) at the current share price level. The minimum price that can be paid per share is NOK 50 and the maximum price is NOK 500. Pursuant to the Board authorisation, the maximum number of shares that may be purchased under the programme is 21,091,181.

The second tranche of the buyback programme is intended to be initiated following the completion of the first tranche, subject to the approval by the Company’s Board of Directors.

Skandinaviska Enskilda Banken AB will make its trading decisions independently of the Company. The execution of any repurchases will depend on market conditions, and the Company may resolve to terminate the buyback programme before the threshold set out above is reached.

The purpose of the buyback is to reduce the capital of the Company. Apart from some shares repurchased under the programme which will be used in the Company's employee share saving plan and long-term incentive plans, the Company will seek approval by a future General Meeting for cancellation of the remaining shares repurchased under the programme.

The share buyback programme 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").

Vend currently owns a total of 7,864,498 shares. Following the resolution by the AGM on 30 April 2026, 7,298,880 of these shares will be redeemed, reducing the Company's share capital by NOK 3,649,440 to NOK 105,455,905.50, consisting of 210,911,811 shares.

Oslo, 30 April 2026
Vend Marketplaces ASA