Transaction in the context of a share buyback
During week 22 2022, Eimskip purchased 260,000 of its own shares, at a purchase price of ISK 129,630,000, as stated below:
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The transaction is in line with Eimskip’s buyback program as published on Nasdaq Iceland on May 30, 2022.
Eimskip held 31,307 treasury shares before the notified transactions, and holds 291,307 after them, or the equivalent of 0.17% of the issued shares of the company.
Eimskip purchased a total of 260,000 shares of the company with a market value of ISK 129,630,000 under the buyback program.
Repurchase 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 buyback program is in effect for 18 months from the General Meeting of March 17, 2022, unless the maximum buyback conditions are met before this date.
The execution of the buyback program must be in accordance with the law on public limited companies, n° 2/1995. In addition, the buyback program must be implemented in accordance with Regulation of the European Parliament and of the Council no. 596/2014, on market abuse, as well as Commission Delegated Regulation (EU) 2016/1052 on regulatory technical standards for the conditions applicable to buyback programs and stabilization measures, which complements said regulation.
For more information, please contact Edda Rut Björnsdóttir, Executive Vice President of Human Resources & Communications, tel. : +354 825-3399, or e-mail: [email protected]