Scatec Completed Share Buyback for Employee Share Purchase Programme

Source: www.gulfoilandgas.com 5/18/2022, Location: Europe

Reference is made to the stock exchange release by Scatec ASA published on 16 May 2022 regarding initiation of a share buyback programme.

The Company has completed its share buyback programme. DNB Bank ASA has been engaged to carry out the buybacks on behalf of the Company pursuant to the EU Market Abuse Regulation article 5.

The Company has acquired a total of 89,200 own shares at an average volume weighted price per share of NOK 93.7817. A report of all the transactions relating to the buy-back programme, in a detailed form and in an aggregated form is attached.

The shares acquired is used for the Company’s Employee Share Purchase Programme and sold to employees.

After the acquisition and sale to employees, Scatec does not own any shares in the Company.


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