Crayon Group Holding ASA (OB:CRAYN) commences an Equity Buyback Plan for 8,940,134 shares, representing 10% of its issued share capital, under the authorization approved on April 26, 2023.

Crayon Group Holding ASA (OB:CRAYN) commences share repurchases on November 8, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 26, 2023. As per the mandate, the company is authorized to repurchase up to 8,940,134 shares, representing 10% of its issued share capital. The shares will be repurchased at minimum price of NOK 1 and maximum price of NOK 250 per share.

The purpose of repurchase program is to optimize the Company's capital structure. The repurchased shares will be used for share incentive program, in other acquisition activities or to be sold to strengthen the Company's equity or be deleted. The authority shall expire at the earliest of the next Annual General Meeting in 2024 or on June 30, 2024.

As of March 31, 2023, the company had 89,401,344 shares in issue and 45,938 shares in treasury.