With reference to the authorisation granted by the annual general meeting of Moreld ASA ("Moreld" or the "Company") on 19 May 2026, allowing the board of directors (the "Board") to resolve to repurchase shares, Moreld is launching a non-discretionary share buy-back programme in order to repurchase up to 1,500,000 shares, equivalent to 0.84% of Moreld's shares in issue, for a maximum aggregate amount of up to NOK 35 million (the "Buy-back Programme").
The sole purpose of the Buy-back Programme is to enable the Company to meet its obligations under any applicable employee share incentive programme implemented and/or to repurchase shares for amortization. Any shares purchased by the Company will be held in treasury until used for the aforementioned purposes.
Moreld has appointed SB1 Markets AS ("SB1M") for the repurchase of the Company's shares. SB1M will manage the programme and make its own trading decisions independently of, and uninfluenced by, Moreld.
The Buy-back Programme will commence on 13 July 2026 and continue until the maximum number of shares as set out above has been acquired or 31 December 2026 at the latest.
Moreld will publicly announce information about the transactions relating to the Buy-back Programme, in a detailed form and in an aggregate form, no later than by the end of the seventh trading day following the execution of such transactions. The share Buy-back Programme will be carried out in accordance with Regulation (EU) No 596/2014 (the "Market Abuse Regulation") and Commission Delegated Regulation (EU) No 2016/1052 (the "Safe Harbour Regulation").
Moreld currently has a total of 179,555,119 shares in issue, of which it holds 2,023,819 shares prior to the Buy-back Programme.
The Company reserves the right to make subsequent changes to the above terms for the Buy-back Programme and will in such case make appropriate announcements in this respect.
This information is subject to the disclosure requirements pursuant to article 5 of Regulation EU 596 /2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
For more information, please contact:
CEO Geir Austigard Telephone: +47 992 47 500
Email: Geir.austigard@moreld.com
CFO Trond Rosnes Telephone: +47 404 14 494