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    SSO   NO0010715139

SCATEC ASA

(SSO)
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Real-time Oslo Bors  -  10:27 2022-07-05 am EDT
89.56 NOK   -1.71%
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Scatec ASA: Completed share buyback for Employee Share Purchase Programme

05/18/2022 | 02:25pm EDT

Oslo, 18 May 2022: Reference is made to the stock exchange release by Scatec ASA (“Scatec” or the “Company“) published on 16 May 2022 regarding initiation of a share buyback programme.

The Company has completed its share buyback programme. DNB Bank ASA has been engaged to carry out the buybacks on behalf of the Company pursuant to the EU Market Abuse Regulation article 5.

The Company has acquired a total of 89,200 own shares at an average volume weighted price per share of NOK 93.7817. A report of all the transactions relating to the buy-back programme, in a detailed form and in an aggregated form is attached.

The shares acquired is used for the Company’s Employee Share Purchase Programme and sold to employees.

After the acquisition and sale to employees, Scatec does not own any shares in the Company.

For further information, please contact:
Andreas Austrell, VP Investor Relations, ir@scatec.com

About Scatec
Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy in high growth markets. As a long-term player, we develop, build, own and operate renewable energy plants, with 3.5 GW of installed capacity across four continents today. We are targeting 15 GW of renewable capacity to be in operation or under construction by the end of 2025, delivered by our 600 passionate employees who are driven by a common vision of ‘Improving our Future’. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’. To learn more, visit www.scatec.com or connect with us on LinkedIn.

This is information is made public by the Company pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Attachment


All news about SCATEC ASA
06/28AFRELEC : British International Investment, Norfund, Scatec to invest $200mn in African hy..
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06/23SCATEC : British International Investment to invest up to $200 million in African hydropow..
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06/17SCATEC : A renewables journey in Africa – Scatec's role on the Continent
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06/02Scatec Inks Power Purchase Deals for Three Solar, Battery Projects in South Africa
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06/02Scatec signs Power Purchase Agreements under South Africa's RMIPPPP
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06/02Scatec signs Power Purchase Agreements under South Africa's RMIPPPP
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06/02Scatec ASA Signs Power Purchase Agreements Under South Africa’s RMIPPPP
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05/30Disclosure of Significant Shareholding under the Norwegian Securities Trading Act
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05/25SCATEC : Investor presentation May 2022
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05/18SCATEC ASA : Completed share buyback for Employee Share Purchase Programme
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Financials
Sales 2022 3 953 M 391 M 391 M
Net income 2022 -961 M -95,1 M -95,1 M
Net Debt 2022 16 490 M 1 632 M 1 632 M
P/E ratio 2022 -15,1x
Yield 2022 2,63%
Capitalization 14 466 M 1 468 M 1 432 M
EV / Sales 2022 7,83x
EV / Sales 2023 8,03x
Nbr of Employees 600
Free-Float 72,7%
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Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 91,12 NOK
Average target price 135,13 NOK
Spread / Average Target 48,3%
EPS Revisions
Managers and Directors
Terje Pilskog Chief Executive Officer
Mikkel Tørud Chief Financial Officer
John Andersen Chairman
Jan Steffen Skogseth Independent Director
Liv Gisèle Marchand Independent Director