25.3.2024 09:15:00 CET | Nekkar ASA | Acquisition or disposal of the issuer's own shares

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 12 of 2024, Nekkar purchased 53,748 own shares at an average price of NOK 10.1652 per share. Following this, Nekkar owns a total of 2,253,713 own shares, corresponding to 2.098 percent of the shares in the company.

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

Date Number of shares Average price (NOK) Total transaction value (NOK)
18/03/2024 7,000 10.2600 71,820.00
19/03/2024 11,300 10.2095

113,662.36

20/03/2024 13,000 10.1138 131,479.40

21/03/2024

 5,500 10.1043 55,573.65
22/03/2024 17,115 10.1561

173,821.65

Previously announced buy-backs under the program 2,193,333 8.83490 19,377,869.13
Total buy-back made under the program 2,247,081 8.86671 19,924,226.19

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

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 25032024.pdf

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