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Eimskip: Transaction in relation to a share buy-back program

·3-min read
Eimskipafelag Islands hf.
Eimskipafelag Islands hf.

In week 37 2022 Eimskip purchased 251,552 of its own shares, at a purchase price of ISK 145,434,640 as further stipulated below:

Date

Time

No. of shares

Share price

Purchase price

12.9.2022

14:25:05

40,000

590

230,600,000

13.9.2022

13:33:25

25,000

585

14,625,000

13.9.2022

15:18:50

40,000

575

23,000,000

14.9.2022

12:30:09

20,000

580

11,600,000

14.9.2022

12:47:17

20,000

580

11,600,000

14.9.2022

14:27:10

693

570

395,010

14.9.2022

14:32:00

859

570

489,630

15.9.2022

14:46:50

40,000

580

23,200,000

16.9.2022

11:12:55

4,133

565

2,335,145

16.9.2022

11:12:55

693

565

391,545

16.9.2022

11:46:56

2,917

565

1,648,105

16.9.2022

11:46:57

462

565

261,030

16.9.2022

11:47:20

200

565

113,000

16.9.2022

12:18:54

2,917

565

1,648,105

16.9.2022

12:18:55

461

565

260,465

16.9.2022

13:00:55

4,375

565

2,471,875

16.9.2022

13:00:56

693

565

391,545

16.9.2022

13:30:03

2,916

565

1,647,540

16.9.2022

13:30:05

461

565

260,465

16.9.2022

13:30:10

300

565

169,500

16.9.2022

14:07:18

2,917

565

1,648,105

16.9.2022

14:07:18

462

565

261,030

16.9.2022

14:26:43

1,093

565

617,545

16.9.2022

12:49:26

40,000

570

22,800,000

Samtals

 

251,552

 

145,434,640

The trade is in accordance with Eimskip‘s buy-back program as published on Nasdaq Iceland on 18 August 2022.

Eimskip held 2,415,383 own shares prior to the notified transactions, and holds 2,666,935 after them, or the equivalent of 1.54% of issued shares in the company.

Under current buy-back program Eimskip has purchased a total of 905,628 shares in the company, corresponding to 53,27% of the maximum amount of shares to be purchased under this program. Total purchase price is ISK 529,637,480 corresponding to 52,96% of the maximum ISK amount of the buy-back program.

Buy-back under the program will amount to a maximum of 1,700,000 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 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.