Transaction in Own Shares • Oct 2, 2015
Transaction in Own Shares
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Share buy-back program
Itera ASA (Itera) has decided to initiate a share
buyback program of up to 1.5 million shares. The
buyback program is based on the authorization to the
Board of Directors as resolved at the Annual General
Meeting on 21 May 2015.
The buyback program will be based on market price on
the Oslo Stock Exchange. The program is implemented
from today and end no later than 31 December 2015.
Due to the low liquidity in the Itera's share the
daily volume in the buyback program may exceed the 25
% limit recommended in Børssirkulære 2/2008.
The shares purchased under the program will be used to
Itera's share option program for leading employees.
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