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SmartCraft ASA Announces Share Buy-Back Program

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SmartCraft ASA Announces Share Buy-Back Program

Elevate Your Investing Strategy:

An announcement from SmartCraft ASA Class A ( (DE:9YK) ) is now available.

SmartCraft ASA has announced a share buy-back program with a maximum consideration of NOK 20,000,000, running until the day before the company’s Annual General Meeting in 2025. Between April 14 and April 25, 2025, the company repurchased 42,840 shares at an average price of NOK 26.2601 per share, contributing to a total of 736,341 shares bought back under the program. This move aligns with regulatory requirements and aims to optimize capital structure, potentially impacting shareholder value and market perception.

More about SmartCraft ASA Class A

SmartCraft ASA is a leading Nordic provider of mission-critical SaaS solutions tailored for SMEs in the construction sector, aimed at enhancing productivity, margins, and resource efficiency. The company serves over 13,400 customers and employs 270 people across Norway, Sweden, Finland, and the UK. SmartCraft was listed on the Oslo Stock Exchange in June 2021.

YTD Price Performance: -8.02%

Average Trading Volume: 900

Technical Sentiment Signal: Buy

Current Market Cap: €373.9M

For detailed information about 9YK stock, go to TipRanks’ Stock Analysis page.

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