LINK Mobility Group Holding ASA (OB:LINK) commences an Equity Buyback Plan for 29,589,030 shares, representing 10% of its issued share capital, under the authorization approved on May 31, 2023.

LINK Mobility Group Holding ASA (OB:LINK) commences share repurchases on March 11, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 31, 2023. As per the mandate, the company is authorized to repurchase up to 29,589,030 shares, representing 10% of its issued share capital. The highest and lowest purchase price payable for the shares acquired pursuant to the authorization shall be minimum NOK 0.005 and maximum NOK 200, respectively.

The purpose of the authorization is to give the company the opportunity to take advantage of the financial instruments and mechanisms provided by the Norwegian Public Limited Liability Companies Act. The repurchased shares under this authorization may either be used to fulfil the company's obligations in relation to acquisitions, incentive arrangements for employees, be sold to strengthen the company's equity or be deleted. The authorization is valid until company's annual general meeting in 2024, but not longer than to and including June 30, 2024.

As of May 5, 2023, the company had 295,890,306 shares in issue.