Eimskip: Transaction in relation to a share buy-back program – repurchase is completed
In week 27 2022 Eimskip purchased 64,257 of its own shares, at a purchase price of ISK 29,636,734 as further stipulated below:
| Date | Time | No. of shares | Share price | Purchase price |
| 4.7.2022 | 12:57:56 | 50,000 | 461 | 23,050,000 |
| 4.7.2022 | 14:15:20 | 14,257 | 462 | 6,586,734 |
| Total | 64,257 | 29,636,734 |
The trade is in accordance with Eimskip‘s buy-back program as published on Nasdaq Iceland on 30 May 2022.
The repurchase according to the share buy-back program is completed.
Eimskip held 1,697,050 own shares prior to the notified transactions, and holds 1,761,307 shares after them, or the equivalent of 1,02% of issued shares in the company.
Under the buy-back program Eimskip purchased a total of 1,730,000 shares in the company amounting to ISK 830,681,659 market value.
Buy-back under the program would amount to a maximum of 1,730,000 shares and the market value amount would not exceed ISK 900,000,000.
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.
