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OFFON

ABG SUNDAL COLLIER HOLDING ASA

(ABG)
  Report
Real-time Quote. Real-time Oslo Bors - 11/26 10:25:21 am
9.22 NOK   -2.74%
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ABG Sundal Collier Holding ASA : - Offer to buy back shares

10/14/2021 | 03:36am EST
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL

14 October 2021ABG Sundal Collier Holding ASA ("ABGSC" or the "Company") has decided to
initiate a share buyback for up to NOK 50,000,000. The buyback will be conducted
as a reverse bookbuilding process in which shareholders can submit sales offers.
 

The bookbuilding period commences immediately and is expected to close at 16:30
(CET) on 14 October 2021. The Company reserves the right to close the
bookbuilding period earlier at its sole discretion. Sales offers and the
respective limits are irrevocable and cannot be withdrawn or changed. 

For more information or to submit sales offers, please contact ABG Sundal
Collier ASA at phone: +47 22 01 60 11.

In the event that the total number of received sales offers exceeds NOK
50,000,000 at the price accepted, the Company will perform a pro-rata reduction
of sales offers. ABGSC reserves the right to terminate the offer or make any
amendments with regard to the volume or other terms of the offer.

The buyback will be based on the authorisation provided by the Company's Annual
General Meeting on 20 April 2021.

ABGSC currently owns 18,063,304 treasury shares. ABGSC has forward contracts
with partners purchasing a total of 102,685,600 shares with settlement in 2022 -
2026. The shares purchased in the buyback will be used in whole or in part for
settlement of ABGSC's forward contracts with partners. 

***

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

***
The buyback and the distribution of this announcement and other information in
connection therewith may be restricted by law in certain jurisdictions.
ABGSC does not assume any responsibility in the event there is a violation by
any person of such restrictions. Persons into whose possession this announcement
or such other information should come are required to inform themselves about
and to observe any such restrictions.
The buyback is not being made directly or indirectly in, or by use of the mails
of, or by any means or instrumentality of interstate or foreign commerce of, or
any facilities of a national securities exchange of, the United States of
America, its territories and possessions, any State of the United States and the
District of Columbia (the "United States") or any other jurisdiction in which
this would be unlawful. This includes, but is not limited to, facsimile
transmission, internet delivery, e-mail, telex and telephones. Accordingly,
copies of this release and any related documents are not being, and must not be,
mailed, e-mailed or otherwise distributed or sent in or into the United States
and so doing may invalidate any purported sales offer.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Analyst Recommendations on ABG SUNDAL COLLIER HOLDING ASA
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Financials
Sales 2020 1 886 M 208 M 208 M
Net income 2020 412 M 45,4 M 45,4 M
Net cash 2020 1 058 M 117 M 117 M
P/E ratio 2020 8,21x
Yield 2020 15,7%
Capitalization 4 261 M 469 M 469 M
EV / Sales 2019 0,96x
EV / Sales 2020 0,94x
Nbr of Employees 320
Free-Float 71,8%
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Managers and Directors
Jonas Ström Chief Executive Officer
Geir Børge Olsen Chief Financial Officer
Knut Brundtland Chairman
Per Tharaldsen Head-Information Technology
John A. S. Olaisen Head-Global Research