Entra ASA : Share buy-back in connection with share savings scheme for employees in Entra

Entra intends to purchase own shares in connection with allocation of shares under the share savings scheme for employees. The company's purchase of shares will start on 7 June 2016 and is expected to be completed within 15 June 2016. . The purchase price and the number of shares acquired by the company and the allocation to primary insiders will be reported in accordance with the applicable regulations.

The share purchase will be carried out in accordance with the authorization given at the general meeting on 29 April 2016 where Entra can acquire up to 0.3 % of outstanding shares and where the minimum and maximum price that can be paid per share is NOK 10 and NOK 150, respectively. The purchase price in the employee offering has been calculated as the average share price (VWAP) over a 30 day period starting from 29 April 2016 less a 20 per cent discount.  The employees participating will have a two years lock-up on purchased shares.
Oslo, 7 June 2016
Entra ASA

For further queries please contact: Anders Olstad, CFO, tel: +47 900 22 559, email: ao@entra.no

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

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Entra ASA via GlobeNewswire