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OSLO, Norway, April 26, 2021 /PRNewswire/ -- Asetek today announced the launch of a share buyback program. The share buyback will be conducted under the safe harbor provisions of EU Regulation 2273/2003.
Section 3-12 of the Norwegian Securities Trading Act implements the EU Commission Regulation (EC) No 2273/2003 on exemptions for buy-back programs and stabilization of financial instruments in Norwegian law. , Nor
The buyback program will be carried out by market purchases in accordance with the authorization granted by the annual general meeting to the Board of Directors on April 22, 2021. Shares purchased under the program will be used to cover Asetek's obligations under its employee stock option programs.