Sea1 Offshore Inc (“Sea1 Offshore” or the “Company”) (OSE: SEA1) initiated a share repurchase program 26 May 2025 to repurchase up to 400,000 of the Company’s common shares in open market transactions on the OSE until 30 June 2025. Sea1 Offshore has put in place an agreement with Arctic Securities AS for the repurchase of the Company’s shares in the market.
For the period from and including 26 May through 4 June 2025, Arctic Securities has on behalf of Sea1 Offshore purchased a total of 400,000 shares at an average price of NOK 23.96 per share. The transactions effected through the agreement with Arctic Securities comprise all the transactions effected by or on behalf of Sea1 Offshore during the period. This completes the share repurchase program announced on 26 May 2025.
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Transaction overview
Date Trading Venue Volume Weighted average share price (NOK) Total daily transaction value (NOK)
26 May 2025 OSE 80,000 22.58 1,806,432
27 May 2025 OSE 50,000 23.27 1,163,430
28 May 2025 OSE 76,000 24.10 1,831,243
30 May 2025 OSE 80,000 24.42 1,953,328
2 June 2025 OSE 75,000 24.71 1,852,898
3 June 2025 OSE 20,000 24.95 500,561
4 June 2025 OSE 19,000 25,19 478,585
Period and program total OSE 400,000 23.96 9,584,980
The issuer’s holding of own shares: 400,000
Following the completion of the above transactions, Sea1 Offshore owned a total of 400,000 of its own shares, corresponding to 0.26% of Sea1 Offshore’s share capital. The repurchased shares will be sold to employees under the employee share purchase plan announced 26 May 2025 and for its long-term incentive program announced on 14 November 2024.
Appendix: An overview of all transactions made under the Company’s share 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: Bernt Omdal, Chief Executive Officer, Sea1 Offshore Inc. Phone +47 915 22 299
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