Eimskip: Transactions in connection with the share buyback plan
In week 24 2022, Eimskip bought 430,743 own shares at a purchase price of ISK 207,374,925.
Date | Time | Number of shares | Stock price | Purchase price |
13.6.2022 | 10:34:32 | 50,000 | 490 | 24,500,000 |
13.6.2022 | 13:35:29 | 40,000 | 487 | 19,480,000 |
13.6.2022 | 14:51:02 | 30,000 | 487 | 14,610,000 |
14.6.2022 | 13:29:23 | 19,755 | 487 | 9,620,685 |
14.6.2022 | 13:39:02 | 30,000 | 487 | 14,610,000 |
14.6.2022 | 14:09:23 | 20,000 | 487 | 9,740,000 |
14.6.2022 | 14:21:14 | 50,000 | 484 | 24,200,000 |
15.6.2022 | 13:38:43 | 50,000 | 482 | 24,100,000 |
15.6.2022 | 14:59:11 | 20,000 | 482 | 9,640,000 |
15.6.2022 | 15:29:41 | 988 | 480 | 474,240 |
16.6.2022 | 12:33:46 | 50,000 | 470 | 23,500,000 |
16.6.2022 | 13:34:40 | 50,000 | 470 | 23,500,000 |
16.6.2022 | 14:25:25 | 20,000 | 470 | 9,400,000 |
total | 430,743 | 207,374,925 |
The transaction is in accordance with Eimskip’s buyback plan that was published on Nasdaq Iceland on May 30, 2022.
Eimskip had 621,307 own shares before the reported transaction, followed by 1,052,050 or the equivalent of 0.61% of the issued shares in the company.
According to the current buyback plan, Eimskip has bought a total of 1,020,743 shares in the company, which corresponds to 59% of the maximum amount of shares that can be bought according to this plan. The total purchase price is ISK 502,254,925, which corresponds to 56% of the maximum ISK number of the repurchase plan.
Repurchases according to the plan will amount to a maximum of 1,730,000 shares and the market value will not exceed ISK 900,000,000. The buyback plan is valid for 18 months after the annual general meeting held on March 17, 2022, unless the conditions for a maximum purchase are met before that time.
The implementation of the buyback plan must be in accordance with limited companies no. 2/1995. In addition, the buyout program must be implemented as stipulated in the regulation of the European Parliament and the Council no. 596/2014, on market abuse, as well as Commission Delegated Regulation (EU) 2016/1052 on regulatory technical standards for conditions applicable to buyback plans and stabilization measures, supplementing that regulation.
For more information, please contact Edda Rut Björnsdóttir, Director of the Human Resources and Communications Department, at tel. 825-3399, or at the email address: [email protected].