StrongPoint ASA ( (DE:PGT) ) has shared an announcement.
StrongPoint ASA announced the sale of 7,934 shares as part of its employee share program, priced at NOK 10.48 per share. This program, which offers four allocations per year to employees, aims to engage staff by allowing them to purchase shares at a 20% discount with a one-year lock-in period. The company’s current holding is 177,710 shares, representing 0.4% of its outstanding shares. This initiative is in compliance with EU and Norwegian securities regulations, reflecting StrongPoint’s commitment to transparency and employee participation in its growth.
More about StrongPoint ASA
StrongPoint is a grocery retail technology company headquartered in Norway, dedicated to enhancing the efficiency and experience of shopping through innovative solutions. Serving over 20 countries with around 500 employees across regions including Norway, Sweden, and the UK, the company offers end-to-end e-commerce solutions such as automated fulfillment systems and AI-powered self-checkouts. StrongPoint is publicly listed on the Oslo Stock Exchange and has a revenue of approximately NOK 1.4 billion.
YTD Price Performance: -1.54%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €39.49M
Learn more about PGT stock on TipRanks’ Stock Analysis page.