Carasent ASA (OB:CARA) commences an Equity Buyback Plan for 79,540,907 shares, representing 9.99% of its issued share capital, under the authorization approved on May 3, 2023.

Carasent ASA (OB:CARA) commences share repurchases on May 3, 2023, under the program mandated by shareholders in the Annual General Meeting held on May 3, 2023. As per the mandate, the company is authorized to repurchase up to 79,540,907 shares, representing 9.99% of its share capital. The minimum price to be paid for repurchase is par value of the share and maximum price to be paid for repurchase is NOK 50 per share.

The authorization will be valid till next Annual General Meeting or June 30, 2024, if earlier. As of May 3, 2023, the company had 79,620,528 issued shares and no shares in treasury.