AKVA Group Begins Share Buyback Program to Enhance Value

AKVA Group Commences Share Buyback Initiative
AKVA group ASA, also known simply as AKVA group, is excited to share that it has taken significant steps in its commitment to enhancing shareholder value by initiating a buyback program. This program allows the company to repurchase up to 60,000 shares of its own stock, a strategic move aimed at benefiting its dedicated employees through its share program.
Details of the Buyback Program
As part of the share buyback initiative, AKVA group commenced purchases from 23 September onwards. By 26 September, the company successfully acquired 6,236 shares at an average price of NOK 95.4 per share. This shows a deliberate effort by AKVA group to manage its equity while providing meaningful incentives for its workforce.
Total Shares Owned
The ongoing buyback efforts have resulted in AKVA group accumulating a total of 218,265 treasury shares. This figure reflects the company's active participation in supporting its stock value while ensuring a dynamic approach to employee engagement through ownership opportunity.
Regulatory Compliance and Transparency
In line with its commitment to transparency and compliance, AKVA group made public this important transaction as mandated by the EU Market Abuse Regulation, specifically under article 5, in conjunction with Commission Delegated Regulation (EU) 2016/1052. The announcements made by the company fulfill regulatory requirements as outlined in Section 5-12 of the Norwegian Securities Trading Act.
Company Leadership Contacts
For any inquiries regarding this development, AKVA group encourages you to reach out to its leadership team:
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
Future Outlook
Looking ahead, AKVA group remains dedicated to its strategic objectives and optimizing its market operations. The company believes that managing its share structure effectively through buybacks not only elevates employee morale but also strengthens investor confidence and long-term company stability.
Frequently Asked Questions
What is the purpose of AKVA group’s share buyback program?
The primary goal is to enhance employee engagement and provide value back to shareholders by effectively managing the company's share structure.
How many shares has AKVA group bought back so far?
As of now, AKVA group has repurchased a total of 6,236 shares since starting the buyback program.
At what average price are the shares being repurchased?
The company is repurchasing shares at an average price of NOK 95.4 each.
What regulatory guidelines is AKVA group following?
AKVA group is adhering to the EU Market Abuse Regulation, specifically Article 5, and the Norwegian Securities Trading Act to ensure transparency.
Who can I contact for more information about the buyback?
You can reach out to Knut Nesse, the CEO, or Ronny Meinkøhn, the CFO, using the provided contact details for inquiries.
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