Canopy Holdings AS (OB:CAN) commences an Equity Buyback Plan under the authorization approved on December 7, 2021.
On January 13, 2022, the company announced a share repurchase program. Under the program, the company will repurchase a maximum of 2,500,000 shares, equivalent to approximately 2.8% of the share capital of the company. Shares repurchased under the program will be used to fulfill the company's obligations under its employee stock option agreements established March 2021 for options that are expected to vest before the next AGM, its board stock option agreements established December 2021 for options that are expected to vest before the next AGM and its Share program for key employees also established December 2021. The program will commence on January 14, 2022, and will be in force until the earlier of the maximum number of shares as set out above has been acquired, and May 31, 2022.