StrongPoint ASA: Initiates new share buy-back program
StrongPoint ASA ("Company") has decided to initiate a new share buy-back program. The program will be limited in size up to 500,000 shares, equivalent to approximately 1.1% of the shares in the Company. The buy-back program will be conducted in accordance with the authorization provided by the Annual General Meeting to the Board of Directors on 28 April 2021.
Shares in the program will be purchased through ordinary market trades on the Oslo Stock Exchange. The program will be initiated 25 October 2021 and terminated on 31 December 2021 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 long term incentive program.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
StrongPoint is a retail technology company that provides solutions to make shops smarter, shopping experiences better and online grocery shopping more efficient. With over 400 employees in Norway, Sweden, the Baltics and Spain 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].