Oslo-listed Wallenius Wilhelmsen will buy back up to NOK 50m ($4.67m) of its own shares as part of a reward scheme for its executives.
The car carrier giant said directors had decided to start the process to cover obligations under its long-term incentive programme.
The Lasse Kristoffersen-led company has authorisation to buy 10% of its stock, or 42m shares, but will limit the programme at 500,000.
