Business
Telenor initiates share buyback programme
Telenor initiates share buyback
About this update from Telenor Asa
[{"type":"text","content":"Pursuant to the authorization granted by at the Annual General Meeting (AGM) on\n19 May 2026, Telenor Group announces the initiation of first year portion of the\npreviously announced NOK 15 billion three-year share buyback programme. The\nrepurchases will be made to optimise the company's capital structure and will in\nthe first year be limited to NOK 6 billion, subject to a maximum of 54 million\nshares. \n\nUp to 24.9 million Telenor ASA shares, for a maximum amount of NOK 2.76 billion,\nwill be repurchased in the market. The remaining portion of the programme,\ncomprising up to 29.1 million shares for a maximum amount of NOK 3.24 billion,\nwill be redeemed from the Norwegian State, represented by the Ministry of Trade,\nIndustry and Fisheries, on a pro rata basis. As a result, the State's ownership\ninterest in Telenor will remain unchanged at 53.97%.\n\nOn 20 May 2026, Telenor entered into a non-discretionary agreement with a third\nparty for the repurchase of shares in the market. The third party will\nadminister the programme and make trading decisions independently of, and\nuninfluenced by, Telenor. The buyback mandate will commence on 1 June 2026 and\nwill end no later than 16 February 2027.\n\nIn 2027, Telenor will seek AGM approval to cancel the shares repurchased in the\nmarket, as well as pro rata shares owned by the Norwegian State. Compensation\nfor the State's shares, and the subsequent redemption of those shares, is\nexpected to take place after the 2027 AGM.\n\nThe transactions will be carried out in accordance with applicable safe harbour\nconditions and the relevant regulatory framework, including: the Norwegian\nSecurities Trading Act of 2007; Commission Delegated Regulation (EU) 2016/1052;\nand the Norwegian Financial Supervisory Authority's Guidelines for buy-back\nprogrammes dated March 2025.\n\nThis information is made public by Telenor pursuant to the EU Market Abuse\nRegulation and subject to the disclosure requirements pursuant to Section 5-12\nof the Norwegian Securities Trading Act.\nClick here for more information© Oslo Bors ASA, source Oslo Stock Exchange","length":2652,"tagName":"div"}]