Aker Solutions ASA: Share Buy-Back Programme

February 12, 2024 -  The Board of Directors of Aker Solutions ASA (“Aker Solutions”) has resolved to initiate a share buy-back program of up to NOK 500 million (the “Share Buy-Back”) as announced in connection with the presentation of Q4 2023 results on February 8, 2024.

The Share Buy-Back will be executed in accordance with the authorization granted to the Board of Directors by the Annual General Meeting (“AGM”) of Aker Solutions on 13 April 2023, and any share purchases under the program following the AGM of Aker Solutions in 2024 will be subject to the approval of new board authorisations for share buy-back by this AGM. The Share Buy-Back will be used for the purpose of investment or for subsequent sale or deletion of such shares in accordance with the abovementioned authorization.   

The Share Buy-Back will be for a maximum of 12.5 million shares, and the maximum amount of the program is NOK 500 million. The Share Buy-Back may be carried out in the period from this announcement and until 31 July 2024.  

The Share Buy-Back will be managed by DNB Bank ASA, DNB Markets which, under an irrevocable mandate issued by Aker Solutions, will make its trading decisions regarding the share repurchases independently of and without influence from Aker Solutions.  

Transactions under the Share Buy-Back will be conducted in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and Commission Delegated Regulation (EU) No 2016/1052 (“Safe Harbour Regulation”). 

Aker Solutions has a current holding of 2,468,935 own shares.  

ENDS