The board of directors of Nekkar ASA (the "Company") has today resolved to sell 640 946 treasury shares pursuant to the Company's share incentive program for employees and board members. Each share is sold at a price of NOK 7.18 per share, corresponding to the volume-weighted five days average trading price of the share in the period between 12 March and 15 March 2024, less a discount of 30%, subject to certain customary conditions, including a two-year lock-up on some or all of the shares, and subject to the employee continuing to serve the group during the lock-up period.
Among the purchasers of the shares are certain primary insiders in the Company, who have collectively acquired 255 571 shares under the program, as specified in the attached documents.
The shares sold by the Company are treasury shares held by the Company pursuant to the resolution by the annual general meeting of 30 May 2023, which authorized the Company to acquire and hold own shares.