The Board of Directors of AF Gruppen ASA (AFG) has decided to go through with
the Company's share purchase program for employees.
743 employees have subscribed a total of 1,000,000 shares. The shares are
subscribed at a price of NOK 95.40 per share, which corresponds to a 20 per cent
discount compared to the average market price during the subscription period.
In connection with this, the Board has decided to sell 242,200 of the Company's
own shares. The Company's holding of own shares after this transaction will be 0
shares.
The Board has also decided to issue 757,800 shares towards Company employees, in
accordance with the Power of Attorney given by the General Assembly May 15 2024.
The Company's share capital will increase by NOK 37,890 after the issue of
757,800 shares with a nominal value of NOK 0.05 per share. When the share issue
is completed, the number of shares in AF Gruppen ASA will be 109,289,800. New
share capital in AF Gruppen ASA will be NOK 5,464,490.
The sale and issue of shares is expected to be completed by October 31st 2024.
A new certificate of registration will be submitted to Oslo Stock Exchange when
it is available.