Purchase of treasury shares


24 Feb 2021

Reference is made to Ocean Yield ASA’s (“Ocean Yield” or “Company”) stock exchange notice on 19 February 2021 where the Company announced its intention to purchase up to 130,000 treasury shares in connection with its incentive scheme for employees. Ocean Yield has on 24 February 2021 purchased 70,000 shares in the Company on Oslo Stock Exchange at an average price of NOK 28.7159 per share, which implies a total consideration of NOK 2,010,113. The purchase of treasury shares was carried out in accordance with an authorization granted by the Annual General Meeting of the Company on 22 April 2020.

Following the transaction, the Company holds a total of 177,371 treasury shares.

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The information contained herein is subject to the disclosure requirements of section 4-2 of the Norwegian Securities Trading Act.

Company contact:

Eirik Eide (CFO), Tel +47 24 13 01 91

Investor Relations contact:

Marius Magelie (SVP Finance & Investor Relations), Tel +47 24 13 01 82

Company information:

Ocean Yield ASA is a ship owning company with investments in vessels on long-term charters. The company has a significant contract backlog that offers visibility with respect to future earnings and dividend capacity.