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Nekkar ASA ( (DE:0TT) ) has shared an announcement.
Nekkar ASA has renewed its share buy-back program, authorized by the company’s Annual General Meeting in May 2024, allowing for the purchase of up to 10,742,711 shares with a maximum expenditure of NOK 100 million. The program, managed independently by Pareto Securities, aims to support corporate objectives and has already resulted in the acquisition of 135,000 own shares, representing 3.957% of the company’s total shares, thereby potentially enhancing shareholder value and reflecting confidence in the company’s strategic direction.
More about Nekkar ASA
Nekkar ASA is an industrial technology group that offers impact technologies integrated with high-end software solutions. The company leverages its 50-year legacy from Syncrolift, a leader in shiplift technology, while investing in sustainable and digitalized technology businesses to drive growth in ocean-based industries such as offshore energy, renewables, and aquaculture.
YTD Price Performance: -3.86%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €87.81M
Learn more about 0TT stock on TipRanks’ Stock Analysis page.
