Press Release Details

Panoro Energy ASA - Announces Transactions Made Under the Company's Share Buyback Program

08/23/2024

Oslo, 23 August 2024 - Panoro Energy ASA ("Panoro" or the "Company") (OSE: PEN) initiated a share buyback program on May 23, 2024 to repurchase up to NOK 100 million in value of the Company's common shares in open market transactions on the OSE pursuant to an agreement with Arctic Securities AS.

 

For the period from and including 19 August through 23 August 2024, Panoro purchased a total of 150,000 shares at an average price of NOK 30.3144 per share. The transactions effected through the agreement with Arctic comprise all the transactions effected by or on behalf of the Company during the period.

 

Transaction overview

Date

Trading Venue

Volume

Weighted average share price (NOK)

Total daily transaction value (NOK)

19 August 2024

OSE

20,000

32.5922

651,844

20 August 2024

OSE

20,000

31.5075

630,150

21 August 2024

OSE

10,000

31.4434

314,434

22 August 2024

OSE

55,000

29.5520

1,625,360

23 August 2024

OSE

45,000

29.4528

1,325,376

 

 

Period total

 

 

OSE

150,000

30.3144

4,547,164

Previously disclosed buy-backs under the programme (accumulated)

OSE

791,500

34.1063

26,995,119

Program total

OSE

941,500

33.5022

31,542,283

 

 

The issuer's holding of own shares: 941,500

Following the completion of the above transactions, Panoro owned a total of 941,500 of its own shares, corresponding to 0.81% of Panoro's share capital.

 

Appendix:

An overview of all transactions made under the Company's repurchase program and its agreement with Arctic Securities that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

 

 

Contact information

For further information, please contact: investors@panoroenergy.com

 

About Panoro

Panoro Energy ASA is an independent exploration and production company based in London and listed on the main board of the Oslo Stock Exchange with the ticker PEN. Panoro holds production, exploration and development assets in Africa, namely interests in Block-G, Block S and Block EG-01 offshore Equatorial Guinea, the Dussafu Marin License offshore southern Gabon, the TPS operated assets, Sfax Offshore Exploration Permit and Ras El Besh Concession, offshore Tunisia, and onshore Technical Co-operation Permit 218 in South Africa.

 

Visit us at www.panoroenergy.com.

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https://news.cision.com/panoro-energy-asa/r/panoro-energy-asa---announces-transactions-made-under-the-company-s-share-buyback-program,c4028253

https://mb.cision.com/Main/399/4028253/2960415.pdf

https://mb.cision.com/Public/399/4028253/b0ce6d3b63489c34.pdf