Hexagon Composites ASA (OB:HEX) commences share repurchases on January 7, 2022, under the program mandated by the shareholders in the Annual General Meeting held on April 28, 2021. As per the mandate, the company is authorized to repurchase its own shares such that the nominal value of the repurchased shares does not exceed 10%. The minimum price that will be paid for the shares is NOK 5 per share.

The maximum price that will be paid for the shares is NOK 500 per share. The repurchased shares will be cancelled. The purpose of the program is for share based remuneration and share incentive programs for employees, subsequent deletion of shares by reduction of the registered share capital or for general corporate purposes.

The authorization shall be valid until the next Annual General Meeting in 2022, or until June 30, 2022. As of April 28, 2021, the company had 201,619,712 shares issued of which 1,477,153 shares are in treasury.