Pexip Holding ASA (OB:PEXIP) commences a share repurchases on May 5, 2022, under the program mandated by the shareholders in the Annual General Meeting held on April 26, 2022. As per the mandate, the company is authorized to repurchase up to an aggregate nominal value of up to NOK 1.71 million. The consideration per share may not be less than NOK 0.3 and may not exceed NOK 300. The authorization is valid until the Annual General Meeting in 2023, however no longer than until June 30, 2023.

On May 5, 2022 the company announced a share repurchase program. Under the program, the company will repurchase up to 5,717,590 shares, representing 5% of its share capital, for NOK 200.11 million. The program will expire on December 31, 2022.