Eimskip: Transactions in connection with the share buyback program – buyback has been completed
In week 27 2022, Eimskip bought 64,257 own shares at a purchase price of ISK 29,636,734. as further stipulated below:
Date | Time | Number of shares | Stock price | Purchase price |
4.7.2022 | 12:57:56 | 50,000 | 461 | 23,050,000 |
4.7.2022 | 14:15:20 | 14,257 | 462 | 6,586,734 |
total | 64,257 | 29,636,734 |
The transaction is in accordance with Eimskip’s buyback plan that was published on Nasdaq Iceland on May 30, 2022.
Repurchases under the share repurchase program have been completed.
Eimskip had 1,697,050 own shares before the reported transaction, followed by 1,761,307 shares or the equivalent of 1.02% of the issued shares in the company.
According to the buyback plan, Eimskip bought a total of 1,730,000 shares in the company with a value of ISK 830,681,659.
Repurchases according to the plan would amount to a maximum of 1,730,000 shares and a market value of no more than ISK 900,000,000.
The implementation of the buyout 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].