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The latest update is out from Nekkar ASA ( (DE:0TT) ).
Nekkar ASA has announced the renewal of its share buy-back program, which allows the company to repurchase up to 10,742,711 shares with a maximum budget of NOK 100 million. This program, managed by an independent third party, is part of Nekkar’s strategy to support corporate purposes and enhance shareholder value. During the specified period, Nekkar purchased 58,250 shares, bringing its total holdings to 9,904,077 shares, representing 9.219% of the company’s total shares.
More about Nekkar ASA
Nekkar ASA is an industrial long-term owner of ocean-based technology companies. The company invests in and develops technology businesses within sustainable oceans, robotics and intelligent logistics, and digital solutions. With a 50-year industrial heritage from Syncrolift, Nekkar applies an active buy-to-own strategy to build long-term value and supports empowered operating companies with a strong balance sheet.
YTD Price Performance: 15.92%
Average Trading Volume: 236,864
Current Market Cap: NOK1.25B
For a thorough assessment of 0TT stock, go to TipRanks’ Stock Analysis page.