Treasure ASA (OB:TRE) commences an Equity Buyback Plan for 20,783,500 shares, representing 10.48% of its issued share capital, under the authorization approved on March 15, 2022.

Treasure ASA (OB:TRE) commences share repurchases on March 15, 2022, under the program mandated by the shareholders in the Annual General Meeting held on March 15, 2022. As per the mandate, the company is authorized to repurchase up to 21,783,500 shares, representing 10.48% of its issued share capital. The maximum price which may be paid for an ordinary share is NOK 30 and the minimum price which may be paid for an ordinary share is NOK 0.10.

The authority shall expire at the conclusion of the next Annual General Meeting of the company in 2022, or June 30, 2023, whichever is earlier. As of March 18, 2021, the company had 207,835,000 ordinary shares in issue (excluding treasury shares) and 6,000,000 shares in treasury.