2.9.2024 09:45:25 CEST | Nekkar ASA | Acquisition or disposal of the issuer's own shares
On June 7th Nekkar announced its decision to renew the share buy-back program. The share buy-back program is executed in accordance with the authorization granted to the Board of Directors by the Annual General Meeting of Nekkar held on May 30, 2024. The program will be used for corporate purposes in accordance with the above-mentioned authorization. The share buy-back program covers purchase of up to 10,742,711 shares, and the maximum amount of the program is NOK 100 million. The renewed program commenced on June 7th and is planned finalized within May 30th, 2025 at the latest.
The share buy-back program is managed by Pareto Securities, which makes its trading decisions regarding the timing of the share repurchases independently of, without influence by, and without access to sensitive information concerning, Nekkar.
During week 35 of 2024, Nekkar purchased 73,508 own shares at an average price of NOK 10.4193 per share. Following this, the previous share buy-back program and use in the previously announced employee share program, Nekkar holds a total of 2,993,700 own shares, corresponding to 2.787 percent of the shares in the company.
Below is a more detailed overview of the transactions carried out under the renewed buy-back program.
Date
Number of shares
Average price (NOK)
Total transaction value (NOK)
26/08/2024
23,500
10.4500
245,575.00
27/08/2024
10,000
10.4400
104,400.00
28/08/2024
7,108
10.2930
73,162.64
29/08/2024
24,900
10.4504
260,214.96
30/08/2024
8,000
10.3188
82,550.40
Previously announced buy-backs under the program
853,571
10,9011
9,304,873.28
Total buy-back made under the program
927,079
10,8629
10,070,776.28
Appendix: For a comprehensive overview of all transactions conducted under the buy-back program during the beforementioned time frame, we have attached an appendix to this report
Disclosure regulation
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Contacts
Marianne Voreland Ottosen, Head of finance, Nekkar ASA, +4740202593, mvo@nekkar.com
About Nekkar ASA
Nekkar (OSE: NKR) is an industrial technology group offering impact technologies combined with high-end software solutions. The group combines 50 years’ heritage from the world’s number one shiplift company, Syncrolift, with new investments into sustainable, digitalised technology businesses that aim to unlock growth within ocean-based industries such as offshore energy, renewables and aquaculture.
Attachments
NKR buy-back 29092023.pdf
