Oslo, Norway, 30 May 2024. LINK Mobility Group Holding ASA (“LINK Mobility” or the “Company”) (OSE: LINK) initiated a share repurchase program on 11 March 2024 to repurchase up to 17 million of the Company’s shares in open market transactions on the OSE through 29 May 2024 pursuant to an agreement with Arctic Securities AS.
For the period from 27 May to 29 May 2024, Arctic Securities AS, on behalf of LINK Mobility, purchased a total of 350,000 shares at an average price of NOK 21.15 per share.
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Upon the last day of the repurchase program on 29 May 2024, a total number of 8,310,000 shares have been repurchased by LINK Mobility during the period from 11 March to 29 May 2024, at an average price of NOK 19.45 per share. The transactions effected through the agreement with Arctic Securities AS comprise all the transactions effected by or on behalf of LINK Mobility during the repurchase period.
Overview of transactions
±----------------------------±----------------------±-----------------------±--------------------+
| | Aggregated daily | Weighted average | Total daily |
| | volume (number of | share price per | transaction value |
| Date | shares) | day (NOK) | (NOK) |
±----------------------------±----------------------±-----------------------±--------------------+
| 27.05.24 | 90,000 | 21.03 | 1,892,340 |
±----------------------------±----------------------±-----------------------±--------------------+
| 28.05.24 | 140,000 | 21.16 | 2,962,330 |
±----------------------------±----------------------±-----------------------±--------------------+
| 29.05.24 | 120,000 | 21.23 | 2,547,372 |
±----------------------------±----------------------±-----------------------±--------------------+
| | | | |
±----------------------------±----------------------±-----------------------±--------------------+
| Previous transactions | 7,960,000 | 19.38 | 154,259,835 |
±----------------------------±----------------------±-----------------------±--------------------+
| | | | |
±----------------------------±----------------------±-----------------------±--------------------+
| Program total | 8,310,000 | 19.45 | 161,661,877 |
±----------------------------±----------------------±-----------------------±--------------------+
Following the completion of the above transactions, LINK Mobility owned a total of 8,310,000 of its own shares, corresponding to 2.78% of LINK Mobility’s share capital.
An overview of all transactions made under the Company’s repurchase program and its agreement with Arctic Securities that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.
For further information, please contact
Tom Rogn, VP Investor Relations
+47 94 85 56 59
tom.rogn@linkmobility.com
About LINK Mobility
LINK is an award-winning, leading global provider of mobile messaging and communications platform as a service (CPaaS) solutions for increased engagement. The company serves enterprise, SME and government customers. LINK offers a wide range of innovative and scalable mobile solutions, creating valuable digital convergence between businesses and customers, governments and citizens, platforms and users. LINK has more than 50,000 active customer accounts globally and exchanges 17 billion messages a year. LINK is listed on the Oslo Stock Exchange under the ticker LINK. For more information about LINK, please see www.linkmobility.com and follow LINK Mobility on LinkedIn.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and article 5 of the European Market Abuse Regulation.
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