Du är här

2015-09-10

AKVA group ASA: AKVA group ASA initiates share buyback program

AKVA group ASA ("AKVA group" or the "Company") has decided to initiate a share
buyback programme for up to 200 000 shares. The buyback programme will be
conducted by market purchases in accordance with the authorization provided
by the annual general meeting to the board of directors on 7 May 2015.
Buyback transactions will be executed according to the market price on the
Oslo Stock Exchange and the maximum aggregate consideration to be paid for
shares acquired under the buyback programme is NOK 10 million. The programme
will be initiated today and terminated on 30 November 2015 at the latest.
AKVA group may at any time without further notice close or suspend the
programme.

Shares purchased under the programme will be used for the Company's stock- and
incentive program for own employees.

The maximum number of shares which may be purchased in any one day is limited
to 50% of the average daily volume of AKVA group shares traded in the 20
trading days preceding the day of purchase.

The share buyback programme is managed and will be executed by Arctic
Securities ASA on behalf of AKVA group.

About AKVA group

AKVA group is a technology and service partner to the aquaculture industry
worldwide. The company has 700 employees, offices in 8 countries and a total
turnover of NOK 1.2 billion in 2014. We are a public listed company operating
in one of the world's fastest growing industries and supply everything from
single components to complete installations, both for cage farming and land
based aquaculture. AKVA group is recognized as a pioneer and technology
leader through more than 30 years. The Corporate Headquarter is in Bryne,
Norway.

Date: 10 September 2015

AKVA group ASA

CONTACTS:

---------------------------------------------
| Trond Williksen Chief Executive Officer |
| Phone: +47 51 77 85 00 |
| Mobile: +47 91 63 01 73 |
| E-mail: twilliksen@akvagroup.com |
---------------------------------------------

-----------------------------------------------
| Eirik Børve Monsen Chief Financial Officer |
| Phone: +47 51 77 85 00 |
| Mobile: +47 91 63 98 31 |
| E-mail: emonsen@akvagroup.com |
-----------------------------------------------
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: AKVA group ASA via Globenewswire

HUG#1951033

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.