Nordic Semiconductor ASA (OB:NOD) commences share repurchases on February 8, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 20, 2023. As per the mandate, the company is authorized to repurchase shares up to nominal value of NOK 0.19 million. The shares will be purchased at price not lower than the par value of the shares and not higher than NOK 350. The repurchase program will expire at the next Annual General meeting of company in 2024 or June 30, 2024 whichever is earlier.

On February 5, 2024, the announced a share repurchase program. Under the program, the company will repurchase up 9.96% of the outstanding share capital for NOK 240 million. The purpose of the program is to have available shares to settle the company's obligations under the Employee long-term equity linked incentive programs. The share repurchase program will commence from February 6, 2024 and will end on the latest on the Annual General Meeting in 2024.