The Board of Directors of Nekkar ASA ("Nekkar" or the "Company") has resolved to renew the company’s share buy-back program. The program will be carried out in accordance with the authorization granted by the Annual General Meeting of Nekkar held on 28 May 2025. In accordance with said authorization, the shares acquired are intended to be used in connection with Nekkar's incentive programs for employees and board members, to be deleted by way of reducing Nekkar's share capital subject to any resolution by the Company's shareholder meeting or for other corporate purposes.
The program authorizes the continued repurchase of up to 10,742,711 shares, with a maximum total consideration of NOK 100 million. As of May 30th, Nekkar ASA holds 6,201,900 own shares. The final number of total shares repurchased may be significantly lower, depending on factors such as trading volumes and the constraints outlined in Commission Delegated Regulation (EU) 2016/1052 on share buy-back programs. The buy-back program will commence immediately and is expected to be completed no later than 30 May 2026.
The share buy-back program will be managed by an independent third party, which will make its trading decisions regarding the timing of the share repurchases independently of, without influence by, and without access to sensitive information concerning, Nekkar.
This information is made public by Nekkar pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.