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Nekkar ASA ( (DE:0TT) ) has issued an update.
Nekkar ASA has renewed its share buy-back program, authorized by its Board of Directors, with a cap of NOK 100 million and covering up to 10,742,711 shares. The program, managed by an independent third party, aims to enhance shareholder value and is set to conclude by May 2026. During the 41st week of 2025, Nekkar repurchased 199,000 shares at an average price of NOK 10.3271, increasing its total holdings to 8,435,694 shares, representing 7.852% of the company. This strategic move underscores Nekkar’s commitment to financial management and capital allocation, enhancing its market position and stakeholder confidence.
More about Nekkar ASA
Nekkar ASA is an industrial company focused on ocean-based technology, investing in sustainable oceans, robotics, intelligent logistics, and digital solutions. With a rich 50-year industrial heritage, Nekkar employs a buy-to-own strategy to build long-term value, supporting operating companies with a strong balance sheet and strategic reinvestment for profitability and growth.
YTD Price Performance: 8.46%
Average Trading Volume: 193,557
Current Market Cap: NOK1.17B
See more data about 0TT stock on TipRanks’ Stock Analysis page.