Eimskip's Strategic Share Buy-Back Initiative
Eimskip has made a notable move in the stock market with the purchase of 175,000 of its own shares, amounting to a total purchase price of ISK 45,570,000. This decision aligns with the company’s ongoing buy-back strategy, aimed at enhancing shareholder value.
Details of Recent Share Transactions
The share acquisitions took place over several days, with details as follows:
- Date: 8.12.2025; No. of Shares: 35,000; Share Price: 268; Total Purchase Price: 9,380,000 ISK
- Date: 9.12.2025; No. of Shares: 35,000; Share Price: 263; Total Purchase Price: 9,205,000 ISK
- Date: 10.12.2025; No. of Shares: 35,000; Share Price: 262; Total Purchase Price: 9,170,000 ISK
- Date: 11.12.2025; No. of Shares: 35,000; Share Price: 258; Total Purchase Price: 9,030,000 ISK
- Date: 12.12.2025; No. of Shares: 35,000; Share Price: 251; Total Purchase Price: 8,785,000 ISK
The overall plan includes a buy-back of up to 2,250,000 shares at a total cost not exceeding ISK 750,000,000. This program is set to continue for 18 months following the Annual General Meeting held on 27 March 2025, unless the target number of shares is reached sooner.
Impact on Eimskip’s Shareholding
With these latest transactions, Eimskip has acquired a total of 1,739,680 shares under the current buy-back program, leading to a total expenditure of ISK 533,533,000. Prior to these purchases, Eimskip held 3,290,000 shares. After this latest acquisition, the company possesses 3,465,000 shares, representing 2.09% of the total shares issued.
Compliance with Regulations
The execution of Eimskip's buy-back program is firmly grounded in compliance with the Act on Public Limited Companies, No. 2/1995. Furthermore, this initiative adheres to relevant European regulations regarding market conduct, ensuring transparency and integrity in the buy-back process.
Future Outlook
As Eimskip continues to navigate the complexities of the market, its aggressive buy-back strategy is a testament to its commitment to both shareholders and regulatory compliance. This approach not only seeks to stabilize the stock price but also signals confidence in the company's future performance. The market will be keenly observing Eimskip's next moves as they implement this buy-back program fully.
Frequently Asked Questions
What is the purpose of Eimskip's share buy-back program?
The share buy-back program is designed to enhance shareholder value by reducing the number of shares available in the market, potentially increasing share prices.
How many shares has Eimskip bought back so far?
As of now, Eimskip has purchased a total of 1,739,680 shares under the current buy-back program.
What financial regulations does Eimskip comply with during these buy-backs?
Eimskip adheres to the Act on Public Limited Companies, EU market abuse regulations, and applicable Icelandic legislation to ensure compliance and transparency.
How long will the buy-back program remain active?
The buy-back program will be in effect for 18 months post the Annual General Meeting, unless the maximum number of shares is reached before that time.
Who can I contact for more information regarding this program?
For further details, you may reach out to Guðbjörg Birna Björnsdóttir, Head of Treasury and Investor Relations, at +354 844 4752 or via email.
