Sandvika 11 November 2026 (OSE: NORCO): Norconsult ASA ("Norconsult" or the "Company") announces the initiation of a share buyback program in accordance with the authorization granted to the Board of Directors by the Annual General Meeting of the Company held on 4 May 2026 ("the 2026 AGM").  

The main purpose of the buyback program is to optimize the share capital structure through a redemption of treasury shares by way of capital decrease, which is considered to be beneficial for the Company's shareholders. Redemption of shares will be subject to the general meeting's approval.

Norconsult may acquire shares for an aggregate consideration of up to NOK 100 million under the program. The maximum number of shares that can be acquired under the program is 5.5 million. The minimum price that can be paid per share is NOK 1 and the maximum price is NOK 200. The Company’s holding of own shares may, however, not at any point exceed 10% of the share capital pursuant to the authorization granted by the 2026 AGM. The buyback program will commence on 11 November 2026 and will end no later than on 31 January 2027. 

Norconsult has entered into a non-discretionary agreement with DNB Carnegie to carry out the buyback program on its behalf. DNB Carnegie will make its trading decisions independently of the Company. The execution of any repurchases will depend on market conditions, and the Company may resolve to terminate the buyback program before the thresholds set out above are reached. The Company also reserves the right to make subsequent changes to the above terms for the program and will in such case make appropriate announcements in this respect. 

The buyback program will be carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 ("MAR") and Commission Delegated Regulation (EU) No 2016/1052 ("Safe Harbour Regulation").  

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange release was published by Elin Spieler, Head of Treasury and IR Manager, Norconsult ASA at the date and time as set out above. 

For further information, please contact: 

Investors: Christian Salbu Aasland, SVP Investor Relations & Business Intelligence, IR@norconsult.com 

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About Norconsult  

Norconsult is a leading pan-Nordic interdisciplinary consulting firm combining engineering, architecture and digital expertise across projects of all sizes, for private and public customers in infrastructure, energy and industry, buildings and architecture. Headquartered in Sandvika, Norway, Norconsult’s delivery model is centered around knowledge hubs and local presence through approximately 7,200 employees across more than 140 offices in Norway, Sweden, Denmark, Iceland, Poland and Finland.