Kongsberg Gruppen ASA (OB:KOG) announces a share repurchase program. Under the program the company will repurchase NOK 370 million worth of its shares. The repurchased shares will be used for company?s long term incentive plan and employee share program.

The repurchases for long term incentive plan for NOK 10 million will commence from February 9, 2024, and will be valid till February 15, 2024 while repurchases for employee share program commences on March 21, 2024, and valid till June 15, 2024. The shares will be transferred to the employees who have chosen to participate in the program immediately after the purchase has been completed.