Ocean Yield ASA: Purchase of treasury shares
02 Jun 2014
Reference is made to Ocean Yield ASA's ("OCY" or the "Company") stock exchange notice on 12 May 2014 where OCY announced its intent to purchase up to 350,000 treasury shares in connection with its incentive scheme for employees. OCY has on 30 May purchased 24,000 shares in the Company on Oslo Børs at an average price of NOK 39.6317 per share, which implies a total consideration of NOK 951,160. The purchase of treasury shares was carried out in accordance with an authorization granted by the Annual General Meeting of the Company on 28 April 2014. Following the transaction OCY holds a total of 210,000 treasury shares, constituting approximately 0.16% of the Company's shares and votes. *** The information contained herein is subject to the disclosure requirements of section 4-2 of the Norwegian Securities Trading Act.