Hunter Group ASA (OB:HUNT) announces an Equity Buyback for 57,535,000 shares, representing 10% for NOK 71.92 million, under the authorization approved on April 27, 2022.

Hunter Group ASA (OB:HUNT) commences share repurchases on June 24, 2022 under the program mandated by the shareholders in the Annual General Meeting held on April 27, 2022. As per the mandate, the company is authorized to repurchase up to 57,535,000 shares, representing 10% of its issued share capital, for NOK 71.92 million. The minimum price to be paid is NOK 1.25 per share and the maximum price to be paid per share shall be equal to volume weighted average price as quoted on stock exchange for the five business days prior to the time of acquisition plus 10%.

The repurchased shares will either be deleted in connection with a later reduction in share capital or used as consideration in the acquisition of business or in connection with general corporate purpose. The program will be valid until the next Annual General Meeting in 2023, however no longer than June 30, 2022.