Completion of Heimar hf. Share Buyback Program Announced
Completion of Heimar hf. Share Buyback Program
The buyback program initiated by Heimar hf. has reached its conclusion.
In the recent trading period, Heimar hf. purchased a total of 1,200,000 shares for an aggregated cost of 44,700,000 ISK. This strategic move aligns with their predefined buyback program that was officially communicated to stakeholders.
Share Buyback Details
The share purchases occurred during week 51 as follows:
Transaction Breakdown
The transactions included:
- Date: 16.12.2024 - Shares: 1,000,000 - Price: 37.1 ISK each - Total Price: 37,100,000 ISK
- Date: 19.12.2024 - Shares: 200,000 - Price: 38 ISK each - Total Price: 7,600,000 ISK
Overview of the Buyback Program
This buyback initiative enabled Heimar to purchase shares up to a limit of ISK 500,000,000. Notably, the duration of the buyback was set to continue until the defined financial ceiling was reached, or by the time of the forthcoming Annual General Meeting in 2025, whichever came first.
Current Shares Held by Heimar
Prior to these purchases, Heimar held 44,445,833 shares. As a result of the recent transactions, the company now possesses 45,645,833 shares, equating to approximately 2.52% of its total issued share capital. The cumulative purchase expenditure throughout the buyback program totals 1,499,999,989 ISK.
Compliance with Regulations
The execution of this buyback program adhered to the regulations outlined in the Icelandic Public Limited Companies Act and the relevant European market abuse regulations. Heimar is committed to maintaining transparency and compliance in all financial dealings.
Contact Information
For any inquiries regarding the buyback program, please reach out to:
Björn Eyþór Benediktsson – Chief Financial Officer – eythorb@heimar.is
Frequently Asked Questions
What was the total number of shares bought back by Heimar hf.?
Heimar hf. bought back a total of 1,200,000 shares.
What was the total purchase price for the buyback program?
The total purchase price for the shares was 44,700,000 ISK.
What percentage of shares does Heimar own post-buyback?
After the buybacks, Heimar owns approximately 2.52% of its total issued shares.
What is the maximum limit for the buyback program set by Heimar?
The buyback program has a maximum limit of ISK 500,000,000.
Who can be contacted for more information about the buyback program?
Björn Eyþór Benediktsson, Chief Financial Officer, can be contacted for further details.
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