Gram Car Carriers ASA – Completes share repurchase program
Reference is made to the stock exchange announcement from Gram Car Carriers ASA ("GCC" or the "Company") of 8 May 2023, 16 May 2023, 30 May 2023 and 8 June 2023 regarding the repurchase program of up to 300,000 own shares.
The repurchase program is based on the authorizations given to the board by the Company's annual general meeting held on 12 May 2022 and 12 May 2023. The Company has today completed the repurchase program.
The following repurchases have been made between 9 June 2023 and 15 June 2023 in accordance with the "safe harbour" rules, which includes a limitation of 25% of the average daily volume traded in the last 20 trading days:
| Date | Volume | Average price | Total cost (NOK) |
| 09.06.2023 | 14,444 | 174.3320 | 2,518,051 |
| 12.06.2023 | 11,246 | 172.7999 | 1,943,308 |
| 13.06.2023 | 12,518 | 172.1614 | 2,155,116 |
| 14.06.2023 | 12,057 | 173.1710 | 2,087,923 |
| 15.06.2023 | 3,676 | 176.2318 | 647,828 |
Total previously published repurchases under the program:
| Volume | Average price | Total cost (NOK) |
| 246,059 | 168.1167 | 41,366,622 |
Total repurchases under the program:
| Volume | Average price | Total cost (NOK) |
| 300,000 | 169.0628 | 50,718,848 |
A detailed overview of all completed transactions under the repurchase program carried out during the above time period (9 June 2023 – 15 June 2023) is attached hereto. At present date, GCC owns 300,000 treasury shares in the Company, corresponding to 1,02% of GCC's share capital.
For further information, please contact:
CFO: Gunnar S. Koløen
Telephone: +65 9176 6661
E-mail: gunnar.koloen@gramcar.com
Head of Projects and IR: Mas Gram
Telephone: +47 954 10 093
E-mail: mas.gram@gramcar.com
This information is published in accordance with the Market Abuse Regulation (EU) 596/2014 Article 5, as supplemented by delegated Commission Regulation (EU) 2016/1052, and is subject to disclosure requirements in accordance with the Securities Trading Act § 5-12.
