ININ GROUP ELOP AS initiates a share buyback program in connection with its employee share purchase program for 2022. ELOP has from15th December 2021 put in place a non-discretionary program for the repurchase of up to 600.000 of its ordinary shares (the "Shares") on Oslo Børs Euronext Growth. The Shares will be repurchased in accordance with the authorization granted at the company's annual general meeting onApril 21st, 2021 . The Program will be managed byPareto Securities , which will make its trading decisions in relation to the Shares independently of, and uninfluenced by ELOP. Please note this may result in ELOP buying shares through periods where the company otherwise would have been restricted. The Program will be in force from15th December 2021 until the earlier of the maximum number of shares as set out above has been acquired, and15th January 2022 . For further information, please contact:Kim Boman , CFO, tel: +47 959 63 912 About Elop Elop is a Norwegian holding company with two operating subsidiaries. Elop Technology develops tools and digital solutions to inspect, monitor and manage infrastructure worldwide using patented ultrasound technology. Through data-driven and AI-based solutions for inspection and predictive maintenance of concrete infrastructure, the vision is to provide asset owners with solutions that improve safety, extend asset lifetime, minimise total lifecycle cost and environmental footprint. Simplifai offers automation solutions using artificial intelligence. Simplifai's Digital Employee solutions automate labour intensive work process where natural language communication including email, chat or documents are central.
Click here for more information
© Oslo Bors ASA, source
