SmartCraft ASA (OB:SMCRT) commences share repurchases on May 7, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 2, 2024. As per the mandate, the company is authorized to repurchase a total nominal value of up to NOK 85.76 million worth of its shares, representing 5% of its issued share capital. The maximum amount which can be paid for each share is NOK 50 and the minimum is NOK 1. The authorization is valid until the company's annual general meeting in 2025 or June 30, 2025, whichever is earlier.

As of May 2, 2024, the company had 171,522,305 shares in issue.