SalMar Completes Its Share Buyback Program
SalMar ASA, a leading company in the aquaculture industry, has recently announced the successful conclusion of its share buyback program. Launched earlier this year, the initiative aimed to purchase up to 100,000 shares for an estimated total amount of NOK 65 million. This program was executed in partnership with DNB Carnegie to enhance shareholder value.
Details of the Share Buyback
Through the course of the share buyback program, SalMar successfully acquired all planned 100,000 shares, amounting to 0.07% of the total shares outstanding. This strategic move not only indicates SalMar’s commitment to its shareholders but also demonstrates the company’s robust financial position.
The total expenditure for these purchases was NOK 49,588,662, resulting in an average transaction price of NOK 495.8866 per share. After completing this program, SalMar now holds a total of 214,554 shares, representing approximately 0.16% of the company's overall shares. This can be viewed as a strong signal of confidence in the ongoing success and future prospects of the company.
Transaction Overview
The buyback transactions were conducted between August 22 and August 25. Here’s a brief overview:
Transaction Breakdown
On August 22, SalMar purchased 60,000 shares at an average price of NOK 494.1687, resulting in a total transaction value of NOK 29,650,122. Then, on August 25, the company acquired an additional 40,000 shares with an average price of NOK 498.4635, culminating in a total value of NOK 19,938,540. This structured approach to share repurchase illustrates the financial prudence that guides SalMar’s operational strategies.
Looking Ahead
With this successful share buyback program completed, SalMar ASA is well positioned for future growth. Increasing shareholder value through such initiatives reinforces investor trust and signals the company’s confidence in its long-term strategy.
Additional Information
For those interested in the specifics of all transactions conducted under this buyback program, an appendix detailing all relevant purchase data is attached to the report. This data can also be accessed through various investor platforms, ensuring transparency and openness with all stakeholders.
Furthermore, for any inquiries regarding this announcement or the company's future direction, interested parties can reach out to Håkon Husby, the Head of Investor Relations. He is available at +47 936 30 449 or via email at hakon.husby@salmar.no. SalMar remains committed to keeping its investors informed and engaged.
Frequently Asked Questions
What was the purpose of SalMar's share buyback program?
The primary purpose was to enhance shareholder value and demonstrate confidence in the company's financial performance.
How many shares did SalMar buy back?
SalMar successfully purchased 100,000 shares during the buyback program.
What was the average price paid per share?
The average price paid per share was NOK 495.8866.
Who can I contact for more information about SalMar?
You can reach out to Håkon Husby, Head of Investor Relations, at +47 936 30 449 or via email at hakon.husby@salmar.no.
What percentage of shares does SalMar now own post-buyback?
Post-buyback, SalMar owns approximately 0.16% of its total shares.
