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

Eimskipafelag Islands hf.
Eimskipafelag Islands hf.

In week 42 2023 Eimskip purchased 165,000 of its own shares, at a purchase price of ISK 78,606,000 as further stipulated below:

Date

Time

No. of shares

Share price

Purchase price

16.10.2023

09:34

33,000

482.00

15,906,000

17.10.2023

09:37

33,000

478.00

15,774,000

18.10.2023

09:33

33,000

474.50

15,658,500

19.10.2023

09:39

33,000

474.50

15,658,500

20.10.2023

13:32

33,000

473.00

15,609,000

Total

 

165,000

 

78,606,000


The trade is in accordance with Eimskip‘s buy-back program as published on Nasdaq Iceland on 10 October 2023.

Eimskip held 1,824,320 own shares prior to the notified transactions, and holds 1,989,483 after them, or the equivalent of 1.19% of issued shares in the company.

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Under current buy-back program Eimskip has purchased a total of 264,000 shares in the company, corresponding to 12.28% of the maximum amount of shares to be purchased under this program. Total purchase price is ISK 125,911,500 corresponding to 12,59% 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