The Board of Directors of Nekkar ASA ("Nekkar" or the "Company") has resolved to renew the Company's share buy-back program pursuant to the authorization granted by the Annual General Meeting held on 28 May 2026.
Any shares acquired under the program may be used in connection with the Company's employee and board incentive programs, as consideration in acquisitions and other corporate transactions, or for such other purposes as permitted under the authorization granted by the Annual General Meeting.
As of 29 May 2026, Nekkar holds 10,642,126 treasury shares, representing approximately 9.9% of the Company's share capital. Subject to applicable laws and regulations, the Company may acquire additional shares within the limits of the authorization granted by the Annual General Meeting. The extent of any repurchases under the program will depend on, among other things, market conditions, trading volumes, applicable legal and regulatory limitations, and the Company's treasury share position at any given time.
The buy-back program will commence immediately and remain in effect until the expiry of the authorization granted by the Annual General Meeting, and in any event no later than 30 June 2027, unless terminated earlier by the Board of Directors.
The share buy-back program will continue to be managed by an independent third party, which will make all trading decisions relating to the repurchase of shares independently of, and uninfluenced by, the Company and without access to inside information concerning Nekkar.
This information is disclosed pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Nekkar (OSE: NKR) is an industrial long-term owner of ocean-based technology companies. The company invests in and develops technology businesses within sustainable oceans, robotics and intelligent logistics, and digital solutions. With a 50-year industrial heritage from Syncrolift, Nekkar applies an active buy-to-own strategy to build long-term value. The group supports empowered operating companies with a strong balance sheet and reinvests strategically to ensure profitability and sustainable growth. As a publicly listed company, Nekkar has a proven track record of shareholder value creation through disciplined M&A, financial management, and capital allocation.