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SmartCraft ASA Class A ( (DE:9YK) ) just unveiled an announcement.
SmartCraft ASA Class A has announced the re-initiation of a share buy-back program, with a maximum consideration of NOK 20 million. The buy-back is intended to acquire treasury shares for potential future settlements related to the company’s long-term management investment program, optimize capital structure, and facilitate transaction settlements. Conducted in compliance with EU and Norwegian regulations, this strategic move could potentially bolster SmartCraft’s financial positioning and reward stakeholders.
More about SmartCraft ASA Class A
SmartCraft is a leading Nordic provider of mission-critical SaaS solutions tailored to SMEs in the construction sector, aiming to enhance productivity, margins, and resource efficiency. With a customer base exceeding 13,400 and a workforce of 260 across Norway, Sweden, Finland, and the UK, SmartCraft was listed on the Oslo Stock Exchange in June 2021.
YTD Price Performance: -5.49%
Average Trading Volume: 600
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €402M
For an in-depth examination of 9YK stock, go to TipRanks’ Stock Analysis page.
