Tomra Systems ASA
Tomra Systems ASA
08/09/2022 | Press release | Distributed by Public on 08/09/2022 00:47
TOMRA: Initiation of share buyback in connection with share purchase program for employees
Tid09.08.2022, 06:39:40
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TOMRA: Initiation of share buyback in connection with share purchase program for employees
TOMRA Systems ASA has decided to initiate a buyback of up to 531 432 of its own
shares for a maximum price of NOK 500 per share. The buyback program shall be
carried out in the period from this announcement and no later than 20 September
2022. The share buyback program will be carried out by way of repurchases in the
market.
The shares purchased under this program will be used in connection with TOMRA's
employee share program.
The buyback program is carried out in accordance with the EU Market Abuse
Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052.
The buybacks will be made in accordance with the power of attorney granted to
the Board of Directors by the Annual General Meeting on 28 April 2022. The power
of attorney is valid until the next Annual General Meeting.
Transactions will be reported on a weekly basis.
TOMRA owns 268,568 own shares as of the date of this announcement.
For further inquiries, please contact:
CFO Eva Sagemo +47 934 39 911
VP Head of IR Georgiana Radulescu +47 941 01 643
**This information is subject of the disclosure requirements pursuant to the EU
Market Abuse Regulation (EU) No 596/2014, as supplemented by Commission
Delegated Regulation (EU) 2016/1052 and is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
shares for a maximum price of NOK 500 per share. The buyback program shall be
carried out in the period from this announcement and no later than 20 September
2022. The share buyback program will be carried out by way of repurchases in the
market.
The shares purchased under this program will be used in connection with TOMRA's
employee share program.
The buyback program is carried out in accordance with the EU Market Abuse
Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052.
The buybacks will be made in accordance with the power of attorney granted to
the Board of Directors by the Annual General Meeting on 28 April 2022. The power
of attorney is valid until the next Annual General Meeting.
Transactions will be reported on a weekly basis.
TOMRA owns 268,568 own shares as of the date of this announcement.
For further inquiries, please contact:
CFO Eva Sagemo +47 934 39 911
VP Head of IR Georgiana Radulescu +47 941 01 643
**This information is subject of the disclosure requirements pursuant to the EU
Market Abuse Regulation (EU) No 596/2014, as supplemented by Commission
Delegated Regulation (EU) 2016/1052 and is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.