Oslo, 10 February 2025: Reference is made to the stock exchange announcement
made by Klaveness Combination Carriers ASA ("KCC" or the "Company") on 13
December 2024 of the launch of KCC's program to repurchase up to 1,200,000 of
the Company's shares in open market transactions for a total amount of up to USD
9,100,000 during the period from 13 December 2024, until no later than 31 March
2025, pursuant to an agreement with DNB Markets. The final transactions under
the program were made today, 10 February 2025.
For the period from and including 4 February 2025, through 10 February 2025, the
Company purchased a total of 159,649 shares at an average price NOK 74.09 per
share, all purchased as ordinary market purchases on Euronext Oslo Børs. Please
find below the transaction overview:
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Date / Aggregated daily volume (#shares) / Weighted average share price per day
(NOK) / Total daily transaction value (NOK)
04.02.2025 / 38,935 / 73.84 / 2,875,151
05.02.2025 / 38,055 / 74.26 / 2,826,097
06.02.2025 / 39,073 / 74.42 / 2,908,000
07.02.2025 / 18,265 / 74.12 / 1,353,888
10.02.2025 / 25,321 / 73.65 / 1,864,864
Total for the period (#shares / Weighted average share price (NOK) / Total
transaction value (NOK))
159,649 / 74.09/ 11,828,000
Previously disclosed buybacks under the program (#shares / Weighted average
share price (NOK) / Total transaction value (NOK))
1,040,351 / 74.16 / 77,150,472
Accumulated under the buyback program (#shares / Weighted average share price
(NOK) / Total transaction value (NOK))
1,200,000 / 74.15 / 88,978,472
The total transaction value for the period 4 - 10 February 2025 equals
approximately USD 1.1 million and the transaction value for the total buybacks
under the program equals approximately USD 7.9 million based on daily USDNOK
from Norges Bank.
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The issuer's holding of own shares:
Following the completion of the above transactions, KCC owns a total of
1,206,283 of own shares (including 6,283 shares owned prior to the launch of the
buyback program), corresponding to 2.0% of KCC's share capital.
Appendix:
An overview of all transactions made under the buyback program that have been
carried out during the above-mentioned time period is attached to this report
and available at www.newsweb.no.
For further queries, please contact:
Engebret Dahm, CEO, Telephone +47 957 46 851
Liv Dyrnes, CFO, Telephone +47 976 60 561
About Klaveness Combination Carriers ASA:
KCC is the world leader in combination carriers, owning and operating eight CABU
and eight CLEANBU combination carriers with three CABU vessels under
construction for delivery in 2026. KCC's combination carriers are built for
transportation of both wet and dry bulk cargoes, being operated in trades where
the vessels efficiently combine dry and wet cargoes with minimum ballast.
Through their high utilization and efficiency, the vessels emit up to 40% less
CO2 per transported ton compared to standard tanker and dry bulk vessels in
current and targeted combination trading patterns.