Scatec ASA: Initiation of share buyback for Employee Share Purchase Programme

Core Points - Scatec ASA will initiate a buyback of up to 68,533 shares for a total maximum amount of NOK 9,600,000, with the buyback period running until 30 June 2025 [1] - The purpose of the buyback is to acquire shares for the Company's Employee Share Purchase Programme, as previously announced [2] - DNB Bank ASA has been engaged to carry out the buyback, which is authorized by the Board of Directors to purchase up to 3,500,000 shares at a minimum of NOK 1 and a maximum of NOK 1,000 per share [3] - All acquisitions will be executed on Euronext Oslo Børs, and the buyback programme may be discontinued at any time based on market conditions [4] Company Overview - Scatec is a leading renewable energy solutions provider, focusing on developing, building, owning, and operating renewable energy plants, with 6.2 GW in operation and under construction across five continents [5] - The Company is headquartered in Oslo, Norway, and is listed on the Oslo Stock Exchange under the ticker symbol 'SCATC' [5]