Elopak ASA: Launch of share buy-back programme

Summary by AI ^BETAClose X

Elopak ASA has announced a share buy-back program to repurchase up to 360,000 of its own shares. The maximum aggregate amount allocated for this buy-back is NOK 18,000,000. The program will run from September 15, 2025, to September 30, 2025. This buy-back is authorized by the general meeting held on May 14, 2025, and the repurchased shares will be used to cover obligations to employees participating in the company's long-term incentive plan. Purchases will occur on the Oslo Stock Exchange at prevailing market prices, adhering to safe harbor conditions, and will be managed independently by DNB Carnegie.

Disclaimer*

Elopak ASA (the "Company”) has resolved to launch a buy-back programme for the repurchase of up to 360,000 shares for a maximum aggregate amount of NOK 18,000,000. The buy-back will be conducted during the period from September 15, 2025, to and including September 30, 2025.

The buy-back will be conducted in accordance with the authorization given by the Company's ordinary general meeting on May 14, 2025.

The shares acquired under the share buy-back programme will be used to meet the Company's obligations towards employees who participate in the Company's long-term incentive plan.

Shares will be purchased on the Oslo Stock Exchange based on prevailing market prices, to be conducted in accordance with applicable safe harbor conditions.

The share buy-back program will be managed by DNB Carnegie, which will make its trading decisions regarding the timing of the share repurchases independently of, and without influence by, the Company.

About Elopak
Elopak is a leading global supplier of carton packaging and filling equipment. The company’s iconic Pure-Pak® cartons are made using renewable, recyclable and sustainably sourced materials, providing a natural and convenient alternative to plastic bottles that fits within a low carbon circular economy.

Founded in Norway in 1957, Elopak was listed on the Oslo Stock Exchange in 2021. Today it employs 2,850 people and sells 16 billion cartons annually across more than 70 countries.

Elopak is a UN Global Compact participant member. We have set Science Based Targets to reduce emissions in line with the 1.5-degree trajectory and aim to be Net-Zero by 2050. In 2023, we achieved a gold rating by EcoVadis and were rated top 2% sustainable companies in the world.

For more information, go to www.elopak.com or follow us @Elopak on LinkedIn.