AKVA Group ASA Enhances Employee Share Program
AKVA group ASA has recently initiated an exciting phase in its corporate strategy by starting a buyback program, repurchasing its own shares to enhance the employee share program. This purchase is aimed at providing additional benefits to employees and reinforcing their interests in the company’s performance. The announcement, made on 23 September, set in motion plans to acquire up to 60,000 shares.
Details of the Share Buyback
From 17 November to 21 November, the company successfully bought 6,679 shares at an average price of NOK 89.96. These transactions contribute to a larger total of 56,227 shares acquired since the implementation of the buyback program earlier in September. This strategy not only supports the company’s commitment to its workforce but also enhances shareholder value.
Investment in Employees
One of the primary objectives of the share buyback is to integrate employee participation in the company’s growth. By allocating these shares through a well-defined program, AKVA group ASA bolsters employee morale and strengthens their investment in the company’s future. The deeper employees are involved, the stronger their commitment to the collective success of AKVA group becomes.
Current Holdings Post-Buyback
Following the completion of these transactions, AKVA group ASA now holds a total of 268,256 treasury shares. This strategic positioning reflects the company’s proactive stance in managing its capital and reinforcing its commitment to sustainable employee engagement.
Regulatory Compliance
The details surrounding the share repurchase are transparent and comply with the EU Market Abuse Regulation, ensuring that all transactions are disclosed according to Section 5-12 of the Norwegian Securities Trading Act. This level of transparency helps build trust with shareholders while aligning with regulatory standards.
Company Contacts for Further Information
Those interested in learning more about AKVA group ASA's initiatives can reach out to the following contacts:
Knut Nesse - Chief Executive Officer
Phone: +47 51 77 85 00
Mobile: +47 91 37 62 20
Email: knesse@akvagroup.com
Ronny Meinkøhn - Chief Financial Officer
Phone: +47 51 77 85 00
Mobile: +47 98 20 67 76
Email: rmeinkohn@akvagroup.com
Frequently Asked Questions
What is the purpose of AKVA Group’s share buyback program?
The program is designed to enhance employee ownership and investment in the company, promoting a more engaged and motivated workforce.
How many shares has AKVA Group bought back so far?
As of now, AKVA Group has purchased a total of 56,227 shares since the inception of the program in September.
What is the average price per share for the latest transactions?
The recent shares were acquired at an average price of NOK 89.96 during the specified transaction period.
How many treasury shares does AKVA Group currently hold?
After the buyback transactions, AKVA Group currently holds a total of 268,256 treasury shares.
Where can I find more information about AKVA Group?
More details can be found on the AKVA Group website at www.akvagroup.com.
