On August 29th Nekkar announced its decision to initiate a 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, 2023. 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 shall be NOK 80 million. The program commenced on August 31st and is planned finalized within June 30th, 2024 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 6 of 2024, Nekkar purchased 69,465 own shares at an average price of NOK 10.0249 per share. Following this, Nekkar owns a total of 1,880,193 own shares, corresponding to 1.750 percent of the shares in the company.
Below is a more detailed overview of the transactions carried out under the buy-back program.
DateNumber of sharesAverage price (NOK)Total transaction value (NOK)05/02/202413,47110.5140141,634.0906/02/202430,4009.8803300,361.1207/02/20249,5949.885194,837.65
08/02/2024
7,0009.973569,814.5009/02/20249,0009.9699
89,729.10
Previously announced buy-backs under the program1,804,0968.529215,387,470.23Total buy-back made under the program1,873,5618.584616,083,846.69
Appendix: For a comprehensive overview of all transactions conducted under the buy-back program during the aforementioned time frame, we have attached an appendix to this report