Initiation of share buy-back for settlement of PRSU’s granted under Long Term Incentive Plan for employees
22 June, 2022 – PGS ASA (the «Company») has decided to initiate a share buy-back program to cover settlement of Performance based Restricted Stock Units (“PRSU’s”) granted under the Company’s 2019 Long Term Incentive Plan for employees.
The buy-back program will be conducted in accordance with the authorization to purchase treasury shares provided to the Board of Directors by the Company’s Annual General Meeting held on 27 April 2022.
The program will commence on 22 June 2022 and continue until 24 June 2022. The shares purchased under this program will be used in connection with the Company’s Long Term Incentive Plan for employees.
The share buy-back program will be for a maximum of 500,000 PGS shares and will comprise purchase of own shares for an aggregate amount of up to NOK 5,000,000. The number of shares purchased per day shall not exceed 25% of the average daily trading volume for the 20 days preceding the day of the purchase. The Company has engaged Carnegie AS to carry out the share buy-back program on its behalf. The shares will be bought back in accordance with the requirements in Commission Delegate Regulation (EU) No 2016/1052 of 8 March 2016 and Regulation (EU) No 697/2014.
This information is published in accordance with the requirements in article 5 of the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
GlobeNewswire by notifiedGlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Netcompany - Final transactions in connection with share buyback programme19.4.2024 13:17:11 CEST | Press release
Company announcement No. 17/2024 19 April 2024 Final transactions in connection with share buyback programme On 25 January 2024, Netcompany Group A/S (“Netcompany”) announced that a share buyback programme of up to DKK 150m and a maximum of 1,300,000 shares had been initiated with the purpose of initiating the redistribution of DKK 2bn to shareholders in line with the midterm 2026 targets. The share buyback programme is executed in accordance with EU Market Abuse Regulation, EU Regulation no. 596/2014 of 16 April 2014 and the provisions of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the “Safe Harbour Regulation”). The share buyback programme was set to end no later than 1 May 2024. Today, Netcompany announces the final transactions carried out under the current share buyback programme. The following transactions have been executed in the period 16 April 2024 to 18 April 2024: Number of shares Average purchase price, DKK Transaction value, DKK 16-04-2024 20,000 258.0
The deadline for Valoe’s restructuring programme extended until 14.6.2024. Valoe has secured financing for the duration of the proceedings and continues to negotiate longer-term financing.19.4.2024 13:05:00 CEST | Press release
Valoe Corporation Stock Exchange Release 19 April 2024 at 14.05 Finnish time The deadline for Valoe’s restructuring programme extended until 14.6.2024. Valoe has secured financing for the duration of the proceedings and continues to negotiate longer-term financing. Valoe Corporation's ("the Company") restructuring proceedings commenced on 22 January 2024 by the decision of the District Court of North Savo. In accordance with the request of the administrator Pekka Jaatinen, the District Court has extended the deadline for submitting a draft restructuring programme for Valoe until 14 June 2024. The original deadline for submitting a draft restructuring programme was 22 April 2024. Valoe has secured funding for the duration of the restructuring proceedings. The company is actively negotiating long-term financing and ownership arrangements with several parties. The Company's projects with key customers continue as normal. In Mikkeli, 19 April 2024 Valoe Corporation Board of Directors For m
Hofseth Biocare ASA: NOTICE OF ANNUAL GENERAL MEETING 202419.4.2024 13:00:00 CEST | Press release
The Annual General Meeting of Hofseth BioCare ASA for 2024 will be held at the company's premises at Keiser Wilhelms gate 24, 6003 Ålesund, on 10 May 2024 at 13:00 CET. The notice of the Annual General Meeting is attached. For further information, please contact: Jon Olav Ødegård, CEO of Hofseth BioCare ASA Phone: +47 93632966 E-mail: investor@hofsethbiocare.no About Hofseth BioCare ASA: HBC is a Norwegian consumer and pet health ingredient supplier and an incubator for new pharmaceutical drug leads. Research is ongoing to identify the individual elements within its ingredients that modulate inflammation and the immune response with pre-clinical studies ongoing in multiple clinics and university research labs. Lead clinical and pre-clinical candidates are focused on developing an oral treatment for inflammatory disease driven by eosinophils (a type of white blood cell). Clinical trial work with the oil is ongoing to ameliorate lung inflammation in eosinophilic asthma and COPD ("smokers
NetBet Casino slår sig sammen med Stakelogic19.4.2024 12:59:43 CEST | pressemeddelelse
COPENHAGEN, Denmark, April 19, 2024 (GLOBE NEWSWIRE) -- NetBet og Stakelogic har indgået en samarbejdsaftale, som vil bringe Stakelogics spil til NetBets kunder i Danmark. Selvom Stakelogic først blev grundlagt i 2014, har de hurtigt etableret sig som en stor spiller inden for online gaming. Deres omdømme som en nyskaber i branchen er blevet anerkendt, og virksomheden er blevet nomineret til de prestigefyldte kategorier, Industry Innovation of the Year, og Innovation in Casino Entertainment ved SBC Awards 2023. Blandt de mange spil, der er tilgængelige for NetBet Danmarks spillere som et resultat af partnerskabet med Stakelogic, er Book of Cleopatra Super Stake Edition, Volcano Deluxe og Bandits Thunder Link. NetBet Danmarks PR-manager, Claudia Georgevici, udtaler: "Hos NetBet forstår vi vigtigheden af at give vores spillere så mange unikke spil som muligt for at sikre, at de får den bedst mulige spiloplevelse. Stakelogic har et bibliotek af innovative spil, hvilket gør dem til den ide
NetBet Casino joins forces with Stakelogic19.4.2024 12:59:43 CEST | Press release
COPENHAGEN, Denmark, April 19, 2024 (GLOBE NEWSWIRE) -- NetBet and Stakelogic have finalised a collaborative agreement that will bring Stakelogic’s games to NetBet customers in the Danish region. Despite only being founded in 2014, Stakelogic has quickly established themselves as a major player in the world of online gaming. Their reputation as an industry disruptor has been recognised, with the company being shortlisted for the prestigious categories of Industry Innovation of the Year and Innovation in Casino Entertainment at the SBC Awards 2023. Among the many games that are available to NetBet Denmark customers as a result of the partnership with Stakelogic are Book of Cleopatra Super Stake Edition, Volcano Deluxe and Bandits Thunder Link. NetBet Denmark’s PR manager, Claudia Georgevici, said: “At NetBet, we understand the importance of providing our players with as many unique games as possible, to ensure they have the best possible gaming experience. Stakelogic has a library of in