SalMar Completes Share Buyback Program: Key Highlights
SalMar Completes Share Buyback Program
SalMar ASA has successfully concluded its share buyback program aimed at repurchasing up to 100,000 of its shares for a total of NOK 65 million. The program, initially announced recently, has seen a significant level of participation and concludes with noteworthy results.
Key Results of the Program
In total, SalMar has bought back 100,000 shares. These purchases, which represent 0.07% of the company's total share count, were executed on the Euronext Oslo Børs and amounted to a total consideration of NOK 49,588,662. The average price per share during this buyback was NOK 495.8866.
Detailed Transaction Overview
From the 22nd to the 25th, there was a robust trading activity under this buyback initiative. Below is a summary of the transactions made during this period:
Transaction Breakdown
The daily purchase volumes, along with their respective prices, were notable throughout the transaction window:
Daily Summary
On the first day of this period, a total of 60,000 shares were acquired at an average price of NOK 494.1687, leading to a total value of NOK 29,650,122. Then, on the 25th, 40,000 shares were purchased at an average price of NOK 498.4635, totaling NOK 19,938,540. This cumulative activity led to the completion of the buyback.
Current Ownership Stats
After this buyback program, SalMar now holds 214,554 shares, which is approximately 0.16% of the issued shares of the company. This significant shareholding reflects SalMar’s commitment to enhancing shareholder value.
What's Next for SalMar
The completion of this buyback program indicates SalMar’s strategy to utilize available resources effectively and support its share price. As the market evolves, investors and stakeholders can look forward to how SalMar plans to leverage this change in ownership structure moving forward.
Contact Information
For further insights or queries, stakeholders can reach out to Håkon Husby, Head of Investor Relations. He can be contacted via phone at +47 936 30 449, or through email at hakon.husby@salmar.no.
Frequently Asked Questions
What is the purpose of SalMar's share buyback program?
The program aims to repurchase shares to enhance shareholder value and optimize the capital structure.
How many shares did SalMar buy back?
SalMar bought back a total of 100,000 shares during the program.
What was the total value of the shares repurchased?
The total consideration for the repurchased shares was NOK 49,588,662.
Who can be contacted for further information regarding the buyback?
Interested parties can contact Håkon Husby, Head of Investor Relations, for more details.
What does the future hold for SalMar after the buyback?
SalMar will continue to monitor market conditions and invest in strategies that support growth and shareholder return.
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