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SmartCraft ASA Class A ( (DE:9YK) ) just unveiled an announcement.
SmartCraft ASA has launched a tender offer to repurchase its own shares for up to NOK 75 million through a reverse bookbuilding process, inviting all eligible shareholders to submit offers to sell at specified volumes and prices within a set application period. The buyback, carried out under an existing board authorisation and facilitated by DNB Carnegie as sole bookrunner, is designed to be discretionary in terms of volume and allocation, potentially enhancing capital efficiency and shareholder value while underscoring management’s confidence in the company’s outlook and maintaining equal treatment among investors.
The application period runs from 16 to 20 February 2026, with pricing, allocation, trading, and settlement expected to follow in late February subject to possible extensions. If demand exceeds the NOK 75 million cap at acceptable prices, SmartCraft will allocate purchases at its discretion while prioritising shareholders’ equal treatment, and the transaction structure allows the company flexibility to reduce or cancel the offer depending on market conditions and strategic considerations.
More about SmartCraft ASA Class A
SmartCraft ASA is a leading Nordic provider of mission-critical SaaS solutions for small and medium-sized enterprises in the construction sector. Its software aims to boost productivity, margins, and resource efficiency for some 14,100 customers, supported by 270 employees across Norway, Sweden, Finland, and the UK, and the company has been listed on the Oslo Stock Exchange since June 2021.
YTD Price Performance: -34.60%
Average Trading Volume: 93,853
Current Market Cap: NOK2.8B
For a thorough assessment of 9YK stock, go to TipRanks’ Stock Analysis page.