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Nekkar ASA ( (DE:0TT) ) has provided an update.
Nekkar ASA has renewed its share buy-back program, authorized by its 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 set to conclude by May 30, 2026. During the 39th week of 2025, Nekkar acquired 280,410 shares, bringing its total holdings to 8,054,282 shares, representing 7.497% of the company. This strategic move is expected to bolster Nekkar’s market position and shareholder value.
More about Nekkar ASA
Nekkar ASA is an industrial long-term owner of ocean-based technology companies, focusing on sustainable oceans, robotics, intelligent logistics, and digital solutions. With a 50-year industrial heritage from Syncrolift, the company employs a buy-to-own strategy to build long-term value, supporting operating companies with a strong balance sheet and strategic reinvestments for profitability and sustainable growth.
YTD Price Performance: -1.09%
Average Trading Volume: 182,035
Current Market Cap: NOK1.07B
For a thorough assessment of 0TT stock, go to TipRanks’ Stock Analysis page.