Tranche Update on XXL ASA (OB:XXL)'s Equity Buyback Plan announced on October 28, 2020.
February 05, 2021
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From October 28, 2020 to December 31, 2020, the company has repurchased 4,970,000 shares, representing 1.97% for NOK 99.9 million. With this, the company has completed the repurchase of 4,970,000 shares, representing 1.97% for NOK 99.9 million under the buyback announced on October 28, 2020.
XXL ASA, formerly known as Megasport AS, is a Norway-based retailer of sports and leisure equipment. The Company sells its products both online and in more than 90 stores across the Nordic countries and Austria. Its product portfolio comprises a range of products for sports, hunting, skiing, biking and other outdoor activities, as well as sportswear, shoes, health & fitness and sports technology products. XXL ASAâs operations are divided into five geographical segments: Norway, Sweden, Finland, Denmark, Austria as well as the HQ & Logistics segment. The Company has several subsidiaries, including XXL Sport og Villmark AS, XXL Sports & Outdoor Gmbh, XXL Sports & Outdoor OY and XXL Sports & Outdoor OY.