No offers were received in the reverse auction buyback, and therefore the company will initiate standard share buyback in accordance with the buyback program.
The number of shares to be acquired under the buy-back program will be up to 2,250,000, at a total purchase price which may not exceed ISK 750,000,000.
The execution of the buy-back program must comply with the Act on Public Limited Companies, No. 2/1995. In addition, the buy-back program will be implemented in accordance with Regulation (EU) No. 596/2014 on market abuse, as well as Commission Delegated Regulation (EU) 2016/1052 with regard to regulatory technical standards for the conditions applicable to buy-back programmes, and the Icelandic Act on Measures Against Market Abuse No. 60/2021.
Eimskip currently owns 1.725.320 own shares, equivalent to 1.04% of the company‘s share capital.
FURTHER INFORMATION
Rósa Guðmundsdóttir, CFO, tel: 844 4776, email: [email protected]
Guðbjörg Birna Björnsdóttir, Head of Treasury & Investor Relations, tel: 844 4752, email: [email protected]
