Astrocast SA: Purchase of treasury shares by close associate of primary insider

LAUSANNE, Switzerland, 17 March 2023 – Astrocast Funds managed by W11 Capital Management, LLC a close associate of Jon Cholak, board member of the Company have purchased 463,070 shares (ASTRO) from the Company’s treasury shares on 17 March 2023 for a price of 10 NOK per share. Following the transaction Funds managed by W11 Capital Management, LLC own a total of 620,143 shares of Astrocast SA. Following the transaction, Astrocast holds 1,475,083 treasury shares. A primary insider notification pursuant to the EU Market Abuse Regulation Article 19 is attached. For more information, please contact Kjell Karlsen, Chief Financial Officer Investors@astrocast.com About Astrocast Astrocast SA operates a leading global nanosatellite IoT network, offering services in industries such as Agriculture & Livestock, Maritime, Environment & Utilities to name a few. The Astrocast network enables companies to monitor, track, and communicate with remote assets from anywhere in the world. It relies on superior L-band spectrum through a strategic alliance with Thuraya. In partnership with Airbus, CEA/LETI and ESA, Astrocast developed Astronode S, an ultra-low power and miniaturised module compatible with inexpensive L-band patch antennas.
Founded in 2014 by a renowned team of experts, Astrocast develops and tests all its products in-house, from the satellites to the modules. Astrocast is listed on Euronext Growth Oslo. For more information visit www.astrocast.com. This information is notifiable pursuant to the EU Market Abuse Regulation article 19 and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.