Nekkar ASA (OB:NKR) commences share repurchases on June 7, 2024, under the program mandated by shareholders in the Annual General Meeting held on May 30, 2024. As per the mandate, the company is authorized to repurchase its own shares. The shares will be repurchased at a price between NOK 1 per share to NOK 25 per share. The shares repurchased will be used for deletion, or in connection with share programs for employees and board members, or for other corporate purposes. The authorization is valid until next Annual General Meeting or June 30, 2025, if earlier. As of May 8, 2024, the company had 107,427,112 issued share capital.

On June 6, 2024, the company announced a share repurchase program. Under the program, the company will repurchase up to 10,742,711 shares for NOK 100 million. The shares repurchased will be used for corporate purposes. The repurchases under the program will commence from June 7, 2024, and will end within May 30, 2025, at the latest.