Nekkar ASA

Transactions carried out under the buy-back program

16.10.2023 08:00:00 CEST | Nekkar ASA | Acquisition or disposal of the issuer's own shares

On August 29th Nekkar announced its decision to initiate a share buy-back program. The share buy-back program is executed in accordance with the authorization granted to the Board of Directors by the Annual General Meeting of Nekkar held on May 30, 2023. The program will be used for corporate purposes in accordance with the above-mentioned authorization. The share buy-back program covers purchase of up to 10,742,711 shares, and the maximum amount of the program shall be NOK 80 million. The program commenced on August 31st and is planned finalized within June 30th, 2024 at the latest.  

During week 41 of 2023, Nekkar purchased 97,532 own shares at an average price of NOK 7.9216 per share. Following this, Nekkar owns a total of 1,025,164 own shares, corresponding to 0.954 percent of the shares in the company.

Below is a more detailed overview of the transactions carried out under the buy-back program.

Date Number of shares Average price (NOK) Total transaction value (NOK)
09/10/2023 25,500 8.0825 206,103.75
10/10/2023 16,000 8.0225 128,360.00
11/10/2023  20,045 7.8202 156,755.91
12/10/2023   23,000 7.8389 180,294.70
13/10/2023   12,987 7.7846 101,098.60
Previously announced buy-backs under the program 921,000 8.1391 7,496,085.51
Total buy-back made under the program 1,018,532 8.1183 8,268,698.47

Appendix: For a comprehensive overview of all transactions conducted under the buy-back program during the aforementioned time frame, we have attached an appendix to this report

Disclosure regulation

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

Contacts

Marianne Voreland Ottosen

Head of finance

Nekkar ASA

mvo@nekkar.com

About Nekkar ASA

Nekkar (OSE: NKR) is an industrial technology group offering impact technologies combined with high-end software solutions. The group combines 50 years' heritage from the world's number one shiplift company, Syncrolift, with new investments into sustainable, digitalised technology businesses that aim to unlock growth within ocean-based industries such as offshore energy, renewables and aquaculture.

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