Oslo, 11 May 2017. NRC Group ASA (the "Company") has decided to initiate a new share buyback program for up to NOK 10.0 million in the market. The buyback program will be conducted in accordance with the authorization provided by the Annual General Meeting to the Board of Directors on 3 May 2017.
A total of 150,000 shares were acquired in accordance with the previously buyback program that was initiated on 31 March 2017. The new buyback will be executed according to the market price on the Oslo Stock Exchange. The program will be initiated today and terminated on 30 June 2017, at the latest.
The purpose of the share buyback is to position the Company for future acquisitions in which the Company expects that part of the consideration will be settled by consideration shares. Further, the shares purchased under this program can be used for the Company's employee share program.
For further information, please contact: CFO Dag Fladby, telephone: +47 90 89 19 35.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
+47 91 74 15 92henning.olsen[at]nrcgroup.com