Heimar hf.: Regular Notification of Share Buybacks in Accordance with the Buyback Program
October 14 2024 - 3:17AM
UK Regulatory
Heimar hf.: Regular Notification of Share Buybacks in Accordance
with the Buyback Program
In week 41, Heimar hf. (“Heimar”) purchased 3,000,000 of its own
shares at a purchase price of ISK 92,000,000 in accordance with the
following details:
|
Date |
Time |
Shares Purchased |
Share Price
(ISK) |
Purchase Price (ISK) |
|
07.10.2024 |
10:00 |
1,000,000 |
30.7 |
30,700,000 |
|
08.10.2024 |
10:18 |
1,000,000 |
30.8 |
30,800,000 |
|
10.10.2024 |
10:13 |
1,000,000 |
30.5 |
30,500,000 |
|
Total |
|
3,000,000 |
|
92,000,000 |
|
|
|
|
|
|
The transactions are in accordance with Heimar’s buyback
program, which was announced on September 16, 2024. According to
the program, the buybacks will amount to a maximum of ISK
500,000,000 in total, and the program will remain in effect until
that limit is reached, but no later than the company’s 2025 Annual
General Meeting.
Heimar owned 13,000,000 shares prior to the above transaction,
and following these purchases, now holds 16,000,000 shares, or
approximately 0.88% of the company’s issued shares, with a total
purchase price of ISK 490,500,000.
The execution of the buyback program will comply with the
Icelandic Public Limited Companies Act, No. 2/1995, Article 5 of
the European Parliament and Council Regulation (EU) No. 596/2014 on
Market Abuse, as referred to in the Icelandic Act on Measures
Against Market Abuse, No. 60/2021, as well as the European
Commission's delegated regulation No. 2016/1052/EU, which contains
technical terms related to buyback programs.
For further information, please contact:
Björn Eyþór Benediktsson – Chief Financial Officer –
eythorb@heimar.is
Heimar Hf (LSE:0Q8S)
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