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Nekkar ASA ( (DE:0TT) ) has provided an announcement.
Nekkar ASA has announced the renewal of its share buy-back program, authorized by the Board of Directors, to purchase up to 10,742,711 shares with a maximum budget of NOK 100 million. The program, managed by an independent third party, aims to enhance corporate value and is expected to conclude by May 30, 2026. During a recent week, Nekkar acquired 31,275 shares at an average price of NOK 10.0166 per share, contributing to a total of 6,685,789 shares held by the company, representing 6.224% of its own shares. This strategic move is part of Nekkar’s efforts to strengthen its market position and ensure sustainable growth.
More about Nekkar ASA
Nekkar ASA is an industrial long-term owner of ocean-based technology companies. The company invests in and develops technology businesses within sustainable oceans, robotics and intelligent logistics, and digital solutions. With a 50-year industrial heritage from Syncrolift, Nekkar applies an active buy-to-own strategy to build long-term value. The group supports empowered operating companies with a strong balance sheet and reinvests strategically to ensure profitability and sustainable growth. As a publicly listed company, Nekkar has a proven track record of shareholder value creation through disciplined M&A, financial management, and capital allocation.
YTD Price Performance: -0.50%
Average Trading Volume: 70,382
Current Market Cap: NOK1.07B
See more insights into 0TT stock on TipRanks’ Stock Analysis page.