Eimskip: Transaction in relation to a share buy-back program
November 13 2023 - 2:30AM
Eimskip: Transaction in relation to a share buy-back program
In week 45 2023 Eimskip purchased 165,000 of
its own shares, at a purchase price of ISK 74,217,000 as further
stipulated below:
Date |
Time |
No. of shares |
Share price |
Purchase price |
6.11.2023 |
10:11 |
33,000 |
450.00 |
14,850,000 |
7.11.2023 |
09:44 |
33,000 |
449.00 |
14,817,500 |
8.11.2023 |
10:15 |
33,000 |
450.00 |
14,850,000 |
9.11.2023 |
14:17 |
33,000 |
450.50 |
14,866,500 |
10.11.2023 |
10:07 |
33,000 |
449.50 |
14,833,500 |
Total |
|
165,000 |
|
74,217,000 |
The trade is in accordance with Eimskip‘s buy-back program as
published on Nasdaq Iceland on 10 October 2023.
Eimskip held 2,319,320 own shares prior
to the notified transactions, and holds 2,484,320
after them, or the equivalent of 1.48% of issued shares in the
company.
Under current buy-back program Eimskip has purchased a total of
759,000 shares in the company, corresponding to
35.30% of the maximum amount of shares to be
purchased under this program. Total purchase price is ISK
355,014,000 corresponding to
35,50% of the maximum ISK amount of the buy-back
program.
Buy-back under the program will amount to a maximum of 2,150,000
shares and the market value amount will not exceed ISK
1,000,000,000. The buy-back program is in effect for 18 months post
the Annual General Meeting held 9 March 2023, unless the conditions
for maximum purchase are met before that time.
The execution of the buy-back program is according to 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 Guðbjörg Birna
Björnsdóttir, Head of Treasury and Investor Relations, tel: +354
844 4752, email: investors@eimskip.com
Eimskipafelag Islands Hf (LSE:0QB3)
Historical Stock Chart
From Apr 2024 to May 2024
Eimskipafelag Islands Hf (LSE:0QB3)
Historical Stock Chart
From May 2023 to May 2024