Share buybacks
The board of directors of SATS ASA (“SATS” or the “Company”) has resolved to implement a new share investment program for senior executives and certain other key employees of the Company (the “Eligible Employees”) with a view to align the interests of the Eligible Employees with those of the Company’s shareholders.
The shares will be delivered to the Eligible Employees as a combination of new shares to be issued by the Company and existing shares to be acquired by the Company in the market pursuant to a buyback program. The purpose of the share buyback program is thus to obtain treasury shares for settlement of the Company’s new share investment program, but also for partly fulfillment of matching shares for the new share investment program, and for delivery of matching shares under a previous share investment program.
The share buyback program represents approx. 1% of the share capital of the Company, with a maximum of 2,000,000 shares at a maximum consideration of NOK 30,000,000. The minimum price payable per share in the share buyback program is NOK 2.00 and the maximum price payable per share is NOK 15.00. The repurchase will be conducted in the period from March 31, 2023, until the earlier of the day before the Company’s annual general meeting in 2023 (expected on or about May 31, 2023) and the date the maximum numbers of shares have been repurchased.
Date | Aggregate daily volume (# of shares) | Average price (NOK) | Total transactions value (NOK) |
---|---|---|---|
31.03.2023 | 64 200 | 7.6556 | 491 489.52 |
03.04.2023 | 65 300 | 8.0249 | 524 025.97 |
04.04.2023 | 64 950 | 8.1834 | 531 511.83 |
05.04.2023 | 47 250 | 8.2472 | 389 680.20 |
11.04.2023 | 54 898 | 8.2168 | 451 085.89 |
12.04.2023 | 34 237 | 8.1926 | 280 490.05 |
13.04.2023 | 62 665 | 8.4217 | 527 745.83 |
14.04.2023 | 10 023 | 8.4790 | 84 985.02 |
17.04.2023 | 39 203 | 8.5360 | 334 636.81 |
18.04.2023 | 52 274 | 8.4753 | 443 037.83 |
19.04.2023 | 51 600 | 8.6295 | 445 282.20 |
20.04.2023 | 31 800 | 8.8131 | 280 256.58 |
21.04.2023 | 30 237 | 8.7009 | 263 089.11 |
24.04.2023 | 24 700 | 8.6000 | 212 420.00 |
25.04.2023 | 9 738 | 8.7584 | 85 289.30 |
26.04.2023 | 27 225 | 10.2545 | 279 178.76 |
27.04.2023 | 41 300 | 10.6279 | 438 932.27 |
28.04.2023 | 60 000 | 10.2316 | 613 896.00 |
02.05.2023 | 67 000 | 10.7293 | 718 863.10 |
03.05.2023 | 77 300 | 10.6322 | 821 869.06 |
04.05.2023 | 79 400 | 10.8286 | 859 790.84 |
05.05.2023 | 71 500 | 10.8181 | 773 494.15 |
08.05.2023 | 84 700 | 10.8760 | 921 197.20 |
09.05.2023 | 86 400 | 10.7695 | 930 484.80 |
10.05.2023 | 86 900 | 10.7484 | 934 035.96 |
11.05.2023 | 92 800 | 10.9393 | 1 015 167.04 |
12.05.2023 | 95 700 | 10.9873 | 1 051 484.61 |
15.05.2023 | 99 900 | 10.9960 | 1 098 500.40 |
16.05.2023 | 95 357 | 10.8373 | 1 033 412.42 |
19.05.2023 | 103 657 | 11.4923 | 1 191 257.34 |
22.05.2023 | 107 300 | 11.7976 | 1 265 882.48 |
23.05.2023 | 80 486 | 11.8885 | 956 857.81 |
Total purchased under the program | 2 000 000 | 10.1247 | 20 249 330.37 |