An announcement from Klaveness Combination Carriers AS ( (DE:36K) ) is now available.
Klaveness Combination Carriers ASA (KCC) has announced the progress of its share buyback program, which commenced in December 2024. Between December 23, 2024, and January 6, 2025, KCC repurchased 173,323 shares at an average price of NOK 75.85 per share, totaling approximately USD 2.2 million. This initiative, part of a larger plan to buy back up to 1,200,000 shares, aims to optimize capital structure and enhance shareholder value, reflecting confidence in the company’s market position and future prospects.
More about Klaveness Combination Carriers AS
Klaveness Combination Carriers ASA (KCC) is a global leader in the combination carrier industry, operating vessels that transport both wet and dry bulk cargoes. KCC’s fleet includes eight CABU and eight CLEANBU combination carriers, with three additional CABU vessels under construction for delivery in 2026. The company focuses on maximizing efficiency and reducing CO2 emissions by up to 40% compared to standard tanker and dry bulk vessels.
YTD Price Performance: 3.90%
Average Trading Volume: 751
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €394.4M
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