ABL Group ASA (OB:ABL) commences share repurchases on March 20, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 31, 2023. As per the mandate, the company will repurchase up to 10% of the face value of the share capital of the company. The company can pay a minimum price of NOK 0.1 per share and maximum NOK 100 per share.

The purpose of the repurchase program is to increase return on investment for the company?s shareholders and may be used in connection with the employee share incentive program, to facilitate complete or partial settlement in connection with acquisition of companies, businesses or assets. The share repurchase program is valid until the Annual General Meeting in 2024, but shall expire at the latest June 30, 2024.