SATS ASA: Status on share buyback
Reference is made to the stock exchange announcement made by SATS ASA ("SATS" or the "Company") on 11 February 2025 of the launch of SATS’ program to repurchase up to 10,000,000 of the Company’s shares in open market transactions for a total amount of up to NOK 100 million during the period from 17 February 2025, until no later than 25 April 2025, the last trading day before to the Company’s 2025 Annual General Meeting, pursuant to an agreement with DNB Markets. For the period from and including 17 February 2025, through 7 March 2025, the Company purchased a total of 2,669,774 shares at an average price of NOK 31.2121 per share, all purchased as ordinary market purchases on Euronext Oslo Børs.
Overview of transactions:
| Date | Aggregate daily volume (# of shares) | Weighted average price (NOK) | Total transactions value |
| 03.03.2025 | 205,000 | 30.1373 | 6,178,146.50 |
| 04.03.2025 | 204,000 | 30.3680 | 6,195,072.00 |
| 05.03.2025 | 210,000 | 31.0049 | 6,511,029.00 |
| 06.03.2025 | 208,000 | 30.5807 | 6,360,785.60 |
| 07.03.2025 | 196,802 | 30.5011 | 6,002,677.48 |
| Previously disclosed buybacks under the program | 1,645,972 | 31.6418 | 52,081,544 |
| Accumulated under the buyback program | 2,669,774 | 31.2121 | 83,329,254.32 |
The issuer’s holding of own shares:
Following the completion of the above transactions, SATS owns a total of 2,856,315 of own shares (including 186,541 shares owned prior to the launch of the buyback program), corresponding to 1.40% of SATS’ share capital.
Appendix:
An overview of all transactions made under the buyback program that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.
For further information, please contact:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Investor Relations, phone: +47 986 99 259
This is information that SATS is obliged to make public pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.