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 44 of 2024, Nekkar purchased 163,721 own shares at an average price of NOK 9.9053 per share. Following this, Nekkar holds a total of 2,996,674 own shares, corresponding to 2.789 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)
28/10/2024
52,601
9.7890
514,911.1929/10/202416,0009.7850
156,560.00
30/10/202458,00010.0069580,400.2031/10/202410,1209.9400100,592.8001/11/202427,0009.9718269,238.60Previously announced buy-backs under the program2,248,88210.189522,914,990.37Total buy-back made under the program2,412,60310.170224,536,693.15
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