Entra ASA (OB:ENTRA) commences an Equity Buyback Plan for 500,000 shares, representing 0.27% for ?150 million, under the authorization approved on April 23, 2024.

Entra ASA (OB:ENTRA) commences share repurchases on May 16, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 23, 2024. As per the mandate, the company is authorized to repurchase up to 500,000 shares, representing 0.27% for NOK 150 million worth of shares. The shares will be repurchased at a minimum price of NOK 50 per share and a maximum price of NOK 300 per share.

The purpose of the buyback is to make use of treasury shares in connection with the company's share scheme for all employees in the Entra group as well as the Long-Term Incentive Scheme for members of the senior management (?LTI Scheme?). The plan will be valid until the next annual general meeting but in any case will be valid up to June 30, 2025. As of March 22, 2024, the company had 182,132,055 shares in issue.