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

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

In week 24 2022 Eimskip purchased 430,743 of its own shares, at a purchase price of ISK 207,374,925 as further stipulated below:

Date

Time

No. of shares

Share price

Purchase price

13.6.2022

10:34:32

50,000

490

24,500,000

13.6.2022

13:35:29

40,000

487

19,480,000

13.6.2022

14:51:02

30,000

487

14,610,000

14.6.2022

13:29:23

19,755

487

9,620,685

14.6.2022

13:39:02

30,000

487

14,610,000

14.6.2022

14:09:23

20,000

487

9,740,000

14.6.2022

14:21:14

50,000

484

24,200,000

15.6.2022

13:38:43

50,000

482

24,100,000

15.6.2022

14:59:11

20,000

482

9,640,000

15.6.2022

15:29:41

988

480

474,240

16.6.2022

12:33:46

50,000

470

23,500,000

16.6.2022

13:34:40

50,000

470

23,500,000

16.6.2022

14:25:25

20,000

470

9,400,000

Total

 

430,743

 

207,374,925

The trade is in accordance with Eimskip‘s buy-back program as published on Nasdaq Iceland on 30 May 2022.

Eimskip held 621,307 own shares prior to the notified transactions, and holds 1,052,050 after them, or the equivalent of 0,61% of issued shares in the company.

Under current buy-back program Eimskip has purchased a total of 1,020,743 shares in the company, corresponding to 59% of the maximum amount of shares to be purchased under this program. Total purchase price is ISK 502,254,925 corresponding to 56% 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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