On June 7th Nekkar announced its decision to renew the share buy-back program. The share buy-back program is executed in accordance with the authorization granted to the Board of Directors by the Annual General Meeting of Nekkar held on May 30, 2024. The program will be used for corporate purposes in accordance with the above-mentioned authorization. The share buy-back program covers purchase of up to 10,742,711 shares, and the maximum amount of the program is NOK 100 million. The renewed program commenced on June 7th and is planned finalized within May 30th, 2025 at the latest.
The share buy-back program is managed by Pareto Securities, which makes its trading decisions regarding the timing of the share repurchases independently of, without influence by, and without access to sensitive information concerning, Nekkar.
During week 29 of 2024, Nekkar purchased 52,500 own shares at an average price of NOK 11.7316 per share. Following this, the previous share buy-back program and use in the previously announced employee share program, Nekkar holds a total of 2,561,282 own shares, corresponding to 2.384 percent of the shares in the company.
Below is a more detailed overview of the transactions carried out under the renewed buy-back program.
DateNumber of sharesAverage price (NOK)Total transaction value (NOK)15/07/202410,000
11.8006
118,006.0016/07/202420,00011.8122
236,244.00
17/07/20246,73111.7728
79,242.72
18/07/202410,76911.5762
124.664.10
19/07/20245,00011.5500
57,750.00
Previously announced buy-backs under the program442,16110.6323
4,701,209.99
Total buy-back made under the program494,66110.7490
5,317,116.80
Appendix: For a comprehensive overview of all transactions conducted under the buy-back program during the beforementioned time frame, we have attached an appendix to this report