Sea1 Offshore Inc ("Sea1 Offshore" or the "Company") (OSE: SEA1) initiated a
share repurchase program 14 November 2024 to repurchase up to 400,000 of the
Company's common shares in open market transactions on the OSE until 15 December
2024. 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 14 November through 22 November 2024, Arctic
Securities has on behalf of Sea1 Offshore purchased a total of 284,000 shares at
an average price of NOK 28.79 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.
Transaction overview
Date Trading Venue Volume Weighted average share price (NOK) Total daily
transaction value (NOK)
14 Nov. 2024 OSE 13,000 26.15 339,907
15 Nov. 2024 OSE 23,900 26.28 628,082
18 Nov. 2024 OSE 48,000 27.69 1,329,355
19 Nov. 2024 OSE 53,000 28.83 1,527,799
20 Nov. 2024 OSE 50,500 29.59 1,494,113
21 Nov. 2024 OSE 60,000 29.80 1,788,294
22 Nov. 2024 OSE 35,600 29.99 1,067,527
Period total OSE 284,000 28.79 8,175,078
Previously disclosed buy-buys under the program (accumulated) OSE 0 0.00 0
Program total OSE 284,000 28.79 8,175,078
The issuer's holding of own shares: 284,000
Following the completion of the above transactions, Sea1 Offshore will own a
total of 284,000 of its own shares, corresponding to 0.18% of Sea1 Offshore's
share capital. The repurchased shares will be sold to members of the management
team under Sea1 Offshore's long-term incentive plan upon completion of the share
repurchase program, as described in the press release dated 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