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An announcement from SmartCraft ASA Class A ( (DE:9YK) ) is now available.
SmartCraft ASA Class A has announced the re-initiation of a share buy-back program, authorized by the board of directors during the Annual General Meeting in May 2025. The program, with a maximum consideration of NOK 35 million, aims to optimize the company’s capital structure and secure treasury shares for future management investment programs. The buy-back will be managed by DNB Carnegie and conducted according to EU regulations, with transactions reported every seventh trading day. This move is expected to enhance SmartCraft’s financial flexibility and potentially benefit stakeholders by aligning management interests with company performance.
More about SmartCraft ASA Class A
SmartCraft is a leading Nordic provider of mission-critical SaaS solutions tailored for small and medium-sized enterprises (SMEs) in the construction sector. The company focuses on enhancing productivity, margins, and resource efficiency for its clients. With a customer base exceeding 13,800 and a workforce of 270 employees, SmartCraft operates across Norway, Sweden, Finland, and the UK. The company was listed on the Oslo Stock Exchange in June 2021.
Average Trading Volume: 121,337
Current Market Cap: NOK4.8B
Learn more about 9YK stock on TipRanks’ Stock Analysis page.