Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An announcement from SmartCraft ASA Class A ( (DE:9YK) ) is now available.
SmartCraft ASA has launched a share buyback offer of up to NOK 75 million, setting an indicative purchase price range of NOK 17.50 to NOK 18.00 per share following investor feedback. The offer is being executed through a reverse bookbuilding process that runs until 20 February, with DNB Carnegie acting as sole bookrunner and the company retaining discretion over allocations to balance its interests with equal treatment of shareholders.
The transaction is structured to comply with Norwegian securities laws and EU market abuse regulations, and is classified as inside information under the relevant rules. By committing significant capital to repurchasing its own shares, SmartCraft is signaling confidence in its valuation and capital position, a move that may support the share price and adjust its capital structure in a way that could benefit remaining shareholders.
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. The company focuses on boosting productivity, margins and resource efficiency for its more than 14,100 customers across Norway, Sweden, Finland and the UK, and has been listed on the Oslo Stock Exchange since June 2021.
Average Trading Volume: 92,418
Current Market Cap: NOK2.8B
Learn more about 9YK stock on TipRanks’ Stock Analysis page.