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Storebrand initiating share buyback program today
ByAinvest
Friday, Jul 11, 2025 12:30 am ET1min read
Storebrand initiating share buyback program today
Norwegian financial group Storebrand has announced the initiation of a share buyback program today, as part of its efforts to enhance shareholder value. The company, listed on the Oslo Stock Exchange, will repurchase its own shares over a period of up to two years, starting from July 10, 2025 [2].The share buyback program, which was announced in conjunction with the release of the results for Q2 2025, aims to reduce the company's share capital and provide shares for regular management and employee share programs. The total repurchase amount is not specified in the announcement, but the program is expected to run over an extended period, indicating a significant commitment to shareholder returns [2].
Storebrand has invited investors and analysts to an investor and analyst conference on July 11, 2025, where further details about the financial performance and future prospects of the company will be discussed. The live streamed event will be available on the company's investor relations website [2].
The share buyback program follows a period of strong performance for Storebrand, with the company's stock gaining 12.4% year-to-date, including today's session. The stock is among the best performers in Germany's blue-chip index, the DAX, reflecting positive market sentiment towards the company's financial health [1].
Investors and financial professionals are advised to keep an eye on Storebrand's upcoming events and financial reports for further insights into the company's strategy and performance. The company's share buyback program is a significant development that could impact the stock's valuation and provide opportunities for investors seeking to capitalize on the company's growth prospects.
References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3T50DK:0-daimler-truck-rises-on-new-2-bln-eur-share-buyback-program/
[2] https://www.marketscreener.com/quote/stock/STOREBRAND-ASA-1413289/news/STOREBRAND-ASA-Reminder-Invitation-to-Result-Presentation-Q2-2025-50477262/
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