15.7.2024 08:00:01 CEST | Nekkar ASA | Acquisition or disposal of the issuer's own shares

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 28 of 2024, Nekkar purchased 68,500 own shares at an average price of NOK 11.5694 per share. Following this, the previous share buy-back program and use in the previously announced employee share program, Nekkar holds a total of 2,508,782 own shares, corresponding to 2.335 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the renewed buy-back program.

Date Number of shares Average price (NOK) Total transaction value (NOK)
08/07/2024 26,000

11.3788

 295,848.80
09/07/2024 10,000 11.3431

113,431.00

10/07/2024 10,000 11.6438

116,438.00

11/07/2024 12,500 11.8542

148.177.50

12/07/2024 10,000 11.8610

118,610.00

Previously announced buy-backs under the program 373,661 10.4606

3,908,704.69

Total buy-back made under the program 442,161 10.6323

4,701,209.99

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

Disclosure regulation

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Contacts

  • Marianne Voreland Ottosen, Head of finance, Nekkar ASA, +4740202593, mvo@nekkar.com

About Nekkar ASA

Nekkar (OSE: NKR) is an industrial technology group offering impact technologies combined with high-end software solutions. The group combines 50 years' heritage from the world's number one shiplift company, Syncrolift, with new investments into sustainable, digitalised technology businesses that aim to unlock growth within ocean-based industries such as offshore energy, renewables and aquaculture.

Attachments

  • NKR buy back 15072024.pdf

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