Bouvet ASA – Sale of Own Shares and implementation of Employee Share Purchase Program

Bouvet ASA has resolved to implement the company’s employee share purchase program and to sell own shares to cover allocations under the program. The decision has been made pursuant to the authorization granted by the Annual General Meeting.

In the ordinary employee share purchase program, a total of 1,856 employees have subscribed for 475,537 shares. The subscription price is NOK 46.0150 per share, representing a 20 percent discount compared to the average market price during the subscription period. In addition, 185 employees have participated in the share purchase program for senior executives, subscribing for 70,330 shares at a price of NOK 57.5534 per share, without any discount.

As part of the settlement, 335,180 bonus shares have been allocated to participants in the 2022 share purchase program. These bonus shares are free of charge for the recipients.

To facilitate the share purchase program and the bonus share allocation, the Board has resolved to sell 881,047 of the company’s own shares. Following the sale, Bouvet ASA will hold 437,585 own shares.

The sale is expected to be completed by 4 December 2025.

For further information, please contact: Steffen Garder, CFO, T: +47 930 99 940, E: steffen.garder@bouvet.no