Scatec ASA has announced a share buyback program to repurchase up to 90,101 of its own shares for a maximum total of NOK 9,600,000. Scheduled to run until June 30, 2026, the program will be executed by DNB Bank ASA on Euronext Oslo Børs under authority granted during the company’s April 2026 Annual General Meeting.
Why is Scatec initiating this share buyback?
The decision to repurchase shares is a strategic move authorized by the Scatec Board of Directors. This specific action follows the mandate provided during the Company’s Annual General Meeting held on April 24, 2026. By initiating this buyback, the company is acting on a broader authorization to manage its capital structure.
According to the company’s announcement on June 8, 2026, Scatec currently holds no own shares. This makes the current program a fresh entry into share repurchases for the current period.
How much can Scatec spend on these repurchases?
For this specific window, Scatec has set a maximum expenditure of NOK 9,600,000. The company intends to complete these acquisitions between the announcement date and June 30, 2026. All transactions will take place on the Euronext Oslo Børs.
The financial parameters for the broader authorization are quite wide. The Board is permitted to buy shares at a minimum price of NOK 1 and a maximum of NOK 1,000 per share. This flexibility allows the company to respond to various market valuations over the coming year.
Comparing current limits to total authorization
It is important to distinguish between this immediate buyback and the company’s total capacity. The current program represents a small fraction of the total 2,500,000 shares the Board is authorized to purchase. This phased approach allows the company to test market liquidity before committing to larger volumes.
What happens if market conditions change?
Scatec has maintained a cautious stance regarding the execution of this program. The company explicitly stated that all repurchases depend heavily on prevailing market conditions. This means the buyback is not a guaranteed, automatic process.
The company also reserves the right to stop or terminate the program at any time. Scatec may decide to end the buyback before reaching the NOK 9,600,000 threshold if it deems it no longer aligns with its financial objectives. The current authorization remains valid until the Annual General Meeting in 2027, but no later than June 30, 2027.
Frequently Asked Questions
- Who is managing the Scatec buyback? DNB Bank ASA has been engaged to carry out the buyback on behalf of the company.
- Where will the shares be purchased? All acquisitions will be executed on the Euronext Oslo Børs.
- When does this specific program end? This current phase is scheduled to run until June 30, 2026.
- Is there a maximum price per share? Under the broader authorization, the maximum price is set at NOK 1,000 per share.
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