Selvaag Bolig ASA (OB:SBO) commences share repurchases on September 27, 2022, under the program mandated by the shareholders in the Annual General Meeting held on April 26, 2022. As per the mandate, the company is authorized to repurchase its own shares representing 10% of its share capital. The shares will be repurchased at a purchase price of minimum of NOK 10 per share and maximum of NOK 100 per share. The repurchased shares will be used in connection with a possible later write-down of the share capital, remuneration of directors, incentive programs, and settlement for the possible acquisitions of business or for the purchase of shares where this is financially beneficial. The program will run until the Annual General Meeting in 2023 and no longer than June 30, 2023. As of April 5, 2022, the company had 93,765,688 shares in issue and had 511,933 shares in treasury.

On September 26, 2022, the company announced a share repurchase program. Under the program, the company will repurchase 300,000 shares, for NOK 10 million. The shares repurchased will used for the company s incentive program the share purchase program for company management and the share saving program for other employees. The buyback will take place from September 27, 2022 to November 30, 2022.