Brief: Carasent Says Decided To Reduce Company's Significant Net Cash Position By Returning Nok 250 Million To Shareholders

Carasent ASA

21/09/2023 19:23

Sept 21 (Reuters) - Carasent ASA  CARAC.OL :
    * DECIDED TO REDUCE COMPANY'S SIGNIFICANT NET CASH POSITION
BY
RETURNING NOK 250 MILLION TO SHAREHOLDERS
    * SHARE BUYBACK IS EXPECTED TO COMMENCE MONDAY 25 SEPTEMBER
    * DISTRIBUTION WILL BE EFFECTED BY WAY OF A SHARE BUYBACK BY
UTILIZING AUTHORIZATION AS GRANTED BY 2023 ANNUAL GENERAL
MEETING
    * PROPOSED DISTRIBUTION WILL BE EQUAL TO DIFFERENCE BETWEEN
NOK
250 MILLION AND AMOUNT SPENT ON REPURCHASE OF SHARES

Source text for Eikon:  ID:nObiMp7D5a 
Further company coverage:  CARAC.OL 

 ((Reuters.Briefs@thomsonreuters.com;))