Cloudberry Clean Energy ASA (OB:CLOUD) commences an Equity Buyback Plan for 7,000,000 shares, representing 2.4% of its issued share capital, under the authorization approved on September 28, 2023.

Cloudberry Clean Energy ASA (OB:CLOUD) commences share repurchases on October 31, 2023, under the program mandated by the Annual General Meeting held on September 28, 2023. As per the mandate, the company is authorized to repurchase up to 7,000,000 shares, representing 2.4% of its issued share capital. The purchase price shall be minimum NOK 0.25 and maximum NOK 14.60 per share. The program is valid till June 30, 2024. As of September 28, 2023, the company had 291,370,104 shares issued and outstanding.

On October 30, 2023, the company announced a share repurchase program. Under the program, the company will repurchase 3,000,000 shares, with an aggregate maximum amount of NOK 43.8 million. The shares will be repurchased with a maximum price of NOK 14.60 per share. The purpose of the program is to reduce the capital of the Company. The program is expected to commence around November 1, 2023 and will be completed on December 31, 2023, at the latest.