Saga Pure ASA: Result of offer to buy back own shares
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN ANY JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES.
(Oslo, Norway, 15 June 2026)
Reference is made to the stock exchange announcement published by Saga Pure ASA (SAGA) (the "Company") on 8 June 2026 regarding the launch of the conditional offer to buy back up to 67,487,842 existing shares in the Company, structured as a reverse bookbuilding process in which all shareholders, subject to restrictions, could submit sales offers (the "Offer").
The bookbuilding period for the Offer closed 12 June 2026.
Following the expiry of the bookbuilding period, the Company has resolved to purchase a total of 21,567,715 shares in the Company at a price of NOK 1.60 per share, for an aggregate consideration of NOK 34,508,344.
Notification of allocation will be sent to the shareholder having been allocated sale shares in the Offer on or about 15 June 2026. Settlement of the share purchase is expected on or about 17 June 2026 on a standard delivery-versus-payment (DVP) basis.
Following settlement of the Offer, the Company will own a total of 21,567,715 own shares, corresponding to approx. 3.20% of the Company's share capital.
For further information, please contact:
Henrik A. Christensen, Chairperson
+47 909 67 683
The information in this stock exchange announcement is considered to be inside information pursuant to the EU Market Abuse Regulation and is published in accordance with section 5-12 of the Norwegian Securities Trading Act.
Important note
The Offer described herein and the distribution of this announcement and other information in connection with the Offer may be restricted by law in certain jurisdictions, and the Offer was not made in any jurisdiction in which this would be unlawful, require registration or other measures. The Company does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. This announcement is not an offer document and, as such, does not constitute an offer or the solicitation of an offer to subscribe to, acquire, or sell, shares in the Company.
This announcement contains forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding the Offer, are forward-looking statements that involve risk and uncertainties. There can be no assurances that such statements will prove to be accurate, and actual results could differ materially from those anticipated in such statements.