Nekkar ASA (DE:0TT) has released an update.
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Nekkar ASA has renewed its share buy-back program, with the Board of Directors authorized by the Annual General Meeting to purchase up to 10,742,711 shares for a maximum of NOK 100 million. Managed by Pareto Securities, the program aims for corporate purposes and has already seen Nekkar acquiring 88,446 shares at an average price of NOK 10.8795. As a result, Nekkar now holds 2.718% of its own shares.
For further insights into DE:0TT stock, check out TipRanks’ Stock Analysis page.