B2Holding ASA (OB:B2H) commences an Equity Buyback Plan, under the authorization approved on May 25, 2023.
June 05, 2023 at 02:22 am EDT
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B2Holding ASA (OB:B2H) commences a share repurchases on May 26, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 25, 2023. As per the mandate, the company is authorized to repurchase its own shares, representing 10% of its share capital. The maximum amount to be paid per share is the volume weighted average price as quoted on the Oslo Stock Exchange for the five business days prior to the time of the acquisition plus 5%. The shares shall be repurchased for a minimum price of NOK 0.10 per share. The shares repurchased may be utilized to either fulfil the company's obligations in connection with acquisitions, employee incentive arrangements, fulfilment of earn-out arrangements, be sold to strengthen the company's equity or be cancelled. The authorization is valid until the company's Annual General Meeting in 2024, but no longer than to and including June 30, 2024. As of April 29, 2022, the company had 401,364,824 shares in issue and 14,184,000 shares held in treasury.
On May 25, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to 25,000,000 shares for NOK 162.6 million. The purpose of the program is to reduce the capital of the company. The program will run from May 26, 2023 to next annual general meeting in 2024.
B2 Impact ASA, formerly B2holding ASA, is a Norway-based financial services provider specialized in investment and workout of non-performing loans as well as providing third party debt collection solutions. The Company offers Debt collection services, that helps debtors back on track, and provide optimal collections through amicable solutions or legal processes. B2 Impact presents a flexible approach to the restructuring of debts. Such an approach is often of considerable benefit to a debtor, whose goal, despite temporary problems, is to restore his/her financial credibility and status as a reliable consumer; Debt purchase, that helps debtors back on track, and provide optimal collections through amicable solutions or legal processes; and Third party debt collection is offered as a service in the Baltics, Finland, Norway and Sweden on behalf of customers.
B2 IMPACT ASA 
