Eimskip: Transaction in relation to a share buy-back program
June 27 2022 - 3:00AM
Eimskip: Transaction in relation to a share buy-back program
In week 25 2022 Eimskip purchased 265,000 of its own shares, at
a purchase price of ISK 121,850,000 as further stipulated
below:
|
Date |
Time |
No. of shares |
Share price |
Purchase price |
|
20.6.2022 |
12:11:33 |
40,000 |
466,00 |
18,640,000 |
|
20.6.2022 |
14:32:06 |
30,000 |
466,00 |
13,980,000 |
|
21.6.2022 |
14:13:14 |
35,000 |
458,00 |
16,030,000 |
|
23.6.2022 |
14:17:49 |
50,000 |
462,00 |
23,100,000 |
|
23.6.2022 |
15:17:02 |
20,000 |
462,00 |
9,240,000 |
|
24.6.2022 |
11:05:51 |
50,000 |
454,00 |
22,700,000 |
|
24.6.2022 |
13:35:09 |
40,000 |
454,00 |
18,160,000 |
|
Total |
|
265,000 |
|
121,850,000 |
The trade is in accordance with Eimskip‘s buy-back program as
published on Nasdaq Iceland on 30 May 2022.
Eimskip held 1,052,050 own shares prior to the notified
transactions, and holds 1,317,050 after them, or the equivalent of
0,76% of issued shares in the company.
Under current buy-back program Eimskip has purchased a total of
1,285,743 shares in the company, corresponding to 74% of the
maximum amount of shares to be purchased under this program. Total
purchase price is ISK 624,104,925 corresponding to 69% of the
maximum ISK amount of the buy-back program.
Buy-back under the program will amount to a maximum of 1,730,000
shares and the market value amount will not exceed ISK 900,000,000.
The buy-back program is in effect for 18 months post the Annual
General Meeting held 17 March 2022, unless the conditions for
maximum purchase are met before that time.
The execution of the buy-back program must comply with Act on
Public Limited Companies, No. 2/1995. In addition, the buy-back
program must be implemented as provided for in the Regulation of
the European Parliament and of the Council no. 596/2014, on market
abuse, as well as the Commission Delegated Regulation (EU)
2016/1052 on regulatory technical standards for the conditions
applicable to buy-back programs and stabilization measures, which
supplements that Regulation.
For further information please contact Edda Rut Björnsdóttir,
Executive Vice President of Human Resources & Communications,
tel: +354 825-3399, or email: investors@eimskip.is.
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