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Nekkar ASA ( (DE:0TT) ) has provided an announcement.
Nekkar ASA has announced the renewal of its share buy-back program, authorized by its Board of Directors, allowing for the purchase of up to 10,742,711 shares with a maximum value of NOK 100 million. The program, managed independently, aims to enhance corporate value and is set to conclude by May 30, 2026. As of week 37 in 2025, Nekkar has acquired 175,583 shares at an average price of NOK 10.0291, now holding 6.953% of its own shares, indicating a strategic move to strengthen its market position and shareholder value.
More about Nekkar ASA
Nekkar ASA is an industrial long-term owner of ocean-based technology companies, focusing on sustainable oceans, robotics, intelligent logistics, and digital solutions. With a 50-year industrial heritage from Syncrolift, Nekkar employs a buy-to-own strategy to build long-term value, supporting operating companies with a strong balance sheet and strategic reinvestment for sustainable growth. As a publicly listed company, it has a track record of shareholder value creation through disciplined mergers and acquisitions, financial management, and capital allocation.
Average Trading Volume: 152,413
Current Market Cap: NOK1.08B
For detailed information about 0TT stock, go to TipRanks’ Stock Analysis page.