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XXL ASA Completes Share Buy-Back for Employee Program

Story Highlights
  • XXL ASA completed a buy-back of 2,531 shares for its 2022 employee program.
  • The buy-back aligns employee interests with company performance and strengthens stakeholder trust.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
XXL ASA Completes Share Buy-Back for Employee Program

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XXL ASA ( (GB:0R3P) ) has provided an update.

XXL ASA has completed a buy-back of 2,531 shares at an average price of NOK 12.9855 per share to fulfill its obligations for the 2022 restricted share units program. This strategic move, managed by DNB Markets, will see the shares transferred to employees, potentially strengthening stakeholder trust and aligning employee interests with company performance.

More about XXL ASA

XXL ASA is a leading sports retailer with a substantial presence in Norway, Sweden, and Finland. Known as the largest sports retailer in the Nordics, XXL offers a comprehensive range of products for sports, hunting, skiing, biking, and other outdoor activities, focusing on branded goods and competitive pricing.

YTD Price Performance: 50.98%

Average Trading Volume: 3,466

Technical Sentiment Consensus Rating: Buy

Current Market Cap: NOK1.01B

Learn more about 0R3P stock on TipRanks’ Stock Analysis page.

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