Skip to main content

Correction: Kaldalón hf.: Routine Announcement Regarding Share Buybacks Pursuant to Buyback Program

Written by Customer Service on . Posted in Public Companies.

Reference is made to the announcement by Kaldalón hf. (“Kaldalón” or the “Company”) dated 7 July 2025 regarding the volume of share buybacks conducted in Week 27 under the Company’s share buyback program, which was announced on 30 June 2025. Due to an error in the information provided by the program’s administrator, a corrected volume of buybacks for Week 27 is hereby disclosed.

WeekDateTimePurchased sharesShare pricePurchase price
Week 274.7.202511:26529.76423,212.290.525
   529.764 12.290.525

 

The transactions were carried out in accordance with the share buyback program announced by Kaldalón hf. on 30 June 2025 and published on the Nasdaq Iceland stock exchange. Under the terms of the program, the Company may repurchase up to a maximum of 15,000,000 shares, provided that the total consideration does not exceed ISK 350,000,000. The buyback program commenced on Tuesday, 1 July 2025, and will remain in effect until either of the aforementioned thresholds (volume or amount) is reached, but in any case no later than 31 December 2025.

Prior to the transactions, Kaldalón hf. held no treasury shares. Following the transactions, the Company holds a total of 529,764 shares, representing 0.05% of the total issued share capital.

To date, Kaldalón has repurchased a total of 529,764 shares under the buyback program, corresponding to 0.05% of the total issued share capital, at a total purchase price of ISK 12,290,525.

The buyback program is being executed in accordance with the Icelandic Companies Act No. 2/1995, Article 5 of Regulation (EU) No. 596/2014 on market abuse, as incorporated into Icelandic law through Act No. 60/2021 on measures against market abuse, and Commission Delegated Regulation (EU) 2016/1052, which sets out the technical requirements for share buyback programs.

Further information:
Jón Þór Gunnarsson, CEO
jon.gunnarsson@kaldalon.is

 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.