Nekkar ASA (OB:NKR) commences an Equity Buyback Plan for 10,742,711 shares, representing 10% of its issued share capital, under the authorization approved on May 30, 2023.

Nekkar ASA (OB:NKR) commences share repurchases on August 31, 2023, under the program mandated by shareholders in the Annual General Meeting held on May 30, 2023. As per the mandate, the company is authorized to repurchase up to 10,742,711 shares, representing 10% of its issued share capital. The shares will be repurchased at a price between NOK 1 per share to NOK 25 per share. The shares repurchased shall will be cancelled or will be used in connection with share programs for employees and board members,or for other corporate purposes. As of May 9, 2023, the company had 107,427,112 issued share capital. The authorization is valid until next Annual General Meeting or June 30, 2024, if earlier.

On August 29, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to NOK 80 million worth of its shares. The repurchases under the program will commence from September 2023 and will end within June 30, 2024 at the latest.