SKEL fjárfestingafélag hf.: Buy-back programme week 37 – End of buy-back
In week 37 2023, SKEL fjárfestingafélag hf. purchased in total 5,410,243 own shares for total amount of 67,750,490 ISK as follows:
| Date | Tími | Purchased Shares |
Price | Purchase Price |
| 11.9.2023 | 10:05:46 | 500,000 | 12.7 | 6,350,000 |
| 11.9.2023 | 11:04:02 | 500,000 | 12.6 | 6,300,000 |
| 11.9.2023 | 15:13:56 | 477,000 | 12.6 | 6,010,200 |
| 12.9.2023 | 09:30:40 | 500,000 | 12.6 | 6,300,000 |
| 12.9.2023 | 09:37:38 | 993,313 | 12.6 | 12,515,744 |
| 13.9.2023 | 09:35:57 | 1,000,000 | 12.6 | 12,600,000 |
| 13.9.2023 | 09:56:56 | 450,000 | 12.4 | 5,580,000 |
| 13.9.2023 | 14:38:41 | 58,000 | 12.5 | 725,000 |
| 14.9.2023 | 09:49:20 | 931,930 | 12.2 | 11,369,546 |
| Total | 5,410,243 | 67,750,490 |
The execution of the buy-back programme is in accordance with Chapter VIII of the Company Act No 2/1995, Article 5 of the Regulation of the European parliament and of the Council (EU) on Market Fraud No. 60/2021, the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021.
Before the purchase SKEL held 13,108,275 own shares. SKEL fjárfestingafélag hf. has now bought in total 18,518,518 own shares for 242,482,196 or 0.956% of issued shares. SKEL has now finished the buy-back programme.
This announcement of purchase of own shares is in accordance with the buy-back programme announced 12 July 2023 to Nasdaq OMX Iceland. The aim is to buy back own shares for the maximum amount of 18,518,518 shares or 0.956% of issued shares, the total amount of the buy-back however not exceeding 250,000,000 ISK in total purchase price.
For further information contact Magnús Ingi Einarsson, CFO of SKEL fjárfestingafélag hf., magnus@skel.is.
