Oslo, 27 March 2017 - DNO ASA, the Norwegian oil and gas operator, has initiated a new share buyback program and on 24 March 2017 purchased 150,000 own shares at a price of NOK 6.9438 per share.
The buyback program is pursuant to a shareholder vote at the Annual General Meeting of 2 June 2016 authorizing DNO to purchase up to 108,381,416 own shares.
The timing and volume of further share purchases will depend on market conditions.
Following this transaction, DNO holds 7,850,000 own shares.
DNO ASA is a Norwegian oil and gas operator focused on the Middle East and North Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Yemen, Oman, Tunisia and Somaliland.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.