AKVA Group ASA Launches Share Buyback Initiative for Employees

Author: Henry Turner Updated: 10-24-2025 07:31 AM

AKVA Group ASA Initiates Share Buyback Program

Recently, AKVA Group ASA has taken a significant step to strengthen its commitment to employees by launching a buyback program for its shares. This initiative aims to repurchase up to 60,000 shares, which will be allocated for the company's employee share program. This program not only acknowledges employees' contributions but also underscores the company's dedication to fostering a motivating work environment.

Details of the Share Buyback

From 20 October to 24 October, AKVA Group purchased 7,761 shares at an average price of NOK 95.40. Adding this to previous actions, the total for the buyback program is now 30,776 shares purchased at an average price of NOK 95.61 since the program's initiation. This strategic approach aligns with the company's broader financial goals while demonstrating a proactive investment in its workforce.

Ownership of Treasury Shares

With the completion of these transactions, AKVA Group now holds a total of 242,805 treasury shares. Holding treasury shares gives the company flexibility in managing its capital structure, as these shares can potentially be reissued or retired, depending on economic conditions and company strategy.

Transparency and Compliance

This announcement is made in compliance with the EU Market Abuse Regulation and the Norwegian Securities Trading Act, ensuring transparency in the company's operations. Such adherence not only reinforces investor confidence but also reflects AKVA Group's commitment to good governance and ethical practices in the market.

Company Contacts for Further Information

For those interested in more details about this initiative or general inquiries regarding AKVA Group, here are the contact details:

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 repurchase shares for the employee share program, enhancing employee engagement and rewarding contributions.

How many shares has AKVA Group bought back?

As of now, AKVA Group has purchased a total of 30,776 shares as part of their buyback initiative.

What is the average price of the shares bought back?

The shares were acquired at an average price of NOK 95.61 since the buyback began.

What is the total number of treasury shares held by AKVA Group?

After the buybacks, AKVA Group owns a total of 242,805 treasury shares.

How does the buyback program align with company goals?

This program underlines AKVA Group's commitment to employee welfare and reflects a strategic approach to capital management, promoting long-term growth.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

Writing for a number of financial blogs has allowed me to interact with readers from novice investors looking for fresh ideas to seasoned investors starting their financial journeys. My mission is to enable everyone to understand and access finance, so enabling you to confidently and clearly reach your financial goals. I appreciate you traveling with me toward success and financial literacy.

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