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Nekkar ASA ( (DE:0TT) ) has issued an update.
Nekkar ASA has announced the renewal of its share buy-back program, which allows the company 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 scheduled to conclude by May 30, 2026. During the recent week, Nekkar acquired 29,500 shares, bringing its total holdings to 6.251% of the company’s shares. This strategic move is expected to strengthen Nekkar’s market position and demonstrate its commitment to shareholder value.
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: -1.49%
Average Trading Volume: 66,187
Current Market Cap: NOK1.06B
For detailed information about 0TT stock, go to TipRanks’ Stock Analysis page.