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StrongPoint ASA ( (DE:PGT) ) just unveiled an update.
StrongPoint ASA announced that its board members are required to use 20% of their gross remuneration to acquire company shares until they own shares equal to one year’s gross board remuneration. This initiative is part of StrongPoint’s employee shareholder program, which aims to align the interests of the board and employees with the company’s performance. The shares were acquired at a price of NOK 9.88, and the company has sold 17,528 shares, resulting in a new holding of 125,426 shares. This move is expected to strengthen stakeholder confidence and enhance the company’s market positioning.
More about StrongPoint ASA
StrongPoint is a grocery retail technology company that offers solutions to enhance shopping experiences and improve the efficiency of online grocery shopping. With around 500 employees across several countries including Norway, Sweden, and the UK, StrongPoint supports grocery and retail businesses in over 20 countries. The company provides end-to-end e-commerce solutions and in-store technologies, such as electronic shelf labels and AI-powered self-checkouts. Headquartered in Norway, StrongPoint is listed on the Oslo Stock Exchange.
Average Trading Volume: 59,237
Current Market Cap: NOK439.7M
For detailed information about PGT stock, go to TipRanks’ Stock Analysis page.