Telenor ASA has today engagedDNB Markets , a part ofDNB Bank ASA ("DNB Markets ") to conduct a buyback of own shares to be used in the Company's share programmes in 2023 for employees inTelenor Group . The shares shall be used to meet obligations towards employees who participate in the Company's long term incentive programme (LTI) and the general employee share plan (ESP). The buyback will be conducted in a period lasting from 16th to 20th ofJanuary 2023 . The total purchase amount will beNOK 80 million . The maximum number of shares to be acquired is 1,600,000. The buyback will be done on basis of authorization granted atTelenor ASA's Annual General Meeting on11th May 2022 . The authorization is for buyback of up to 10,000,000 shares to be used in the share programmes, at a share price of minimumNOK 50 and a maximumNOK 250 . In 2022, 469 550 shares were acquired under this authorization.Telenor ASA holds 592 treasury shares prior to the buyback. For further information, please see the minutes of the AGM and the Annual Report for 2021, both available atTelenor's website: https://www.telenor.com/investors/general-meeting/
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