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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 22 2022 Eimskip purchased 260,000 of its own shares, at a purchase price of ISK 129,630,000 as further stipulated below:

Date

Time

No. of shares

Share price

Purchase price

1.6.2022

13:13:01

40,000

500.00

 20,000,000

1.6.2022

14:28:33

30,000

498.00

14,940,000

2.6.2022

11:00:58

50,000

498.00

24,900,000

2.6.2022

12:35:45

40,000

498.00

19,920,000

2.6.2022

14:48:09

30,000

498.00

14,940,000

3.6.2022

12:04:55

50,000

499.00

24,950,000

3.6.2022

15:23:43

20,000

499.00

9,980,000

Total

 

           260,000

 

     129,630,000    

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

Eimskip held 31,307 own shares prior to the notified transactions, and holds 291,307 after them, or the equivalent of 0.17% of issued shares in the company.

Eimskip has bought a total of 260,000 shares in the company amounting to ISK 129,630,000 market value in 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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