Overview of AKVA Group's Share Buyback Program
AKVA group ASA has recently embarked on an exciting journey of enhancing shareholder value through a strategic share buyback program. The company aims to repurchase up to 60,000 of its own shares, allocated specifically for its employee share program. This initiative is not only a testament to AKVA group's confidence in its growth strategy but also a commitment to its employees.
Recent Share Transactions
Between the dates of October 27 and October 31, AKVA group successfully acquired a total of 3,836 shares at an average price of NOK 94.14. This recent activity brings the total number of shares repurchased since September 23 to 34,612, with an average purchase price of NOK 95.45. This proactive measure demonstrates the company’s commitment to returning value to its shareholders and strengthening its capital structure.
Increasing Treasury Shares
Following these transactions, AKVA group now holds 246,641 treasury shares. This build-up of treasury stock can serve numerous purposes, including employee compensation and retention strategies, which are pivotal as the company navigates the evolving business landscape.
Regulatory Compliance and Transparency
The transparency of the share buyback process is crucial. AKVA group ASA has made the necessary disclosures in accordance with the EU Market Abuse Regulation and the Norwegian Securities Trading Act. This reflects the company’s commitment to adhering to regulatory standards while maintaining clear communication with its shareholders.
Company Insights and Future Prospects
Looking ahead, AKVA group ASA is focused on leveraging its innovative solutions within the aquaculture sector. With a strong commitment to sustainability and technological advancement, the company is well-positioned for future growth. Their strategic approach not only aims to benefit shareholders but also enhances the overall stakeholder experience.
Contact Information
For more information regarding the share buyback program or general inquiries, interested parties can reach out to:
Knut Nesse
Chief Executive Officer
Phone: +47 51 77 85 00
Mobile: +47 91 37 62 20
E-mail: knesse@akvagroup.com
Ronny Meinkøhn
Chief Financial Officer
Phone: +47 51 77 85 00
Mobile: +47 98 20 67 76
E-mail: rmeinkohn@akvagroup.com
Frequently Asked Questions
What is the purpose of AKVA group's share buyback program?
The purpose is to repurchase shares for employee compensation and retention while enhancing shareholder value.
How many shares has AKVA group bought so far?
AKVA group has repurchased a total of 34,612 shares since September 23.
What is the average price per share for recent transactions?
The company bought shares at an average price of NOK 95.45.
Who can I contact for more information about the share buyback?
You can reach out to Knut Nesse, CEO, or Ronny Meinkøhn, CFO, for inquiries.
What regulatory requirements does AKVA group follow for share repurchases?
AKVA group complies with EU Market Abuse Regulation and Norwegian Securities Trading Act for transparency in its buyback process.
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