Recent Developments in Eimskip's Share Buy-Back Program
Eimskip is actively engaging in a share buy-back program, which has become quite significant in the financial landscape. Recently, the company bought back 175,000 of its shares at a total acquisition cost of ISK 46,830,000. This initiative reflects the company's commitment to enhancing shareholder value and reflects an optimistic outlook towards its financial health.
Details of the Shares Purchased
Over several key transactions, Eimskip executed purchases as outlined below:
Transaction Breakdown
The share buy-back occurred over multiple days, with noted activities as follows:
- December 1, 2025: Acquired 35,000 shares at ISK 276 per share for a total of ISK 9,660,000.
- December 2, 2025: Another 35,000 shares were purchased at ISK 266 each, costing ISK 9,310,000.
- December 3, 2025: The same number of shares were bought at the same price, totaling another ISK 9,310,000.
- December 4, 2025: Acquired 35,000 shares for ISK 262 per share, costing ISK 9,170,000.
- December 5, 2025: Another set of 35,000 shares purchased at ISK 268 for a total of ISK 9,380,000.
Total Acquisitions to Date
Under the ongoing buy-back arrangement, Eimskip has successfully acquired a total of 1,564,680 shares at a cumulative cost of ISK 487,963,000. Prior to these transactions, the company held 3,115,000 shares and now retains 3,290,000 shares, which amounts to approximately 1.99% of the total issued shares.
Strategic Outlook
This buy-back initiative reflects Eimskip’s strategic approach to managing its shares effectively. With the board approving the program, the plan is designed to continue until a total of 2,250,000 shares are purchased, capped at ISK 750,000,000 over an 18-month period. The board's well-considered actions here show responsiveness to market conditions and a focus on shareholder returns.
Compliance and Regulation
The execution of this buy-back program aligns with the requirements set forth in the Act on Public Limited Companies, No. 2/1995. Furthermore, it adheres to the relevant European regulations concerning market abuse and buy-back programs, demonstrating Eimskip's commitment to operating within legal frameworks and maintaining transparency.
This thorough compliance ensures the integrity of Eimskip’s market activities and a solid trust with its investors, aligning with best practices in the industry.
Further Information
For further inquiries about the share buy-back program or Eimskip’s future intentions, interested parties can reach out to Guðbjörg Birna Björnsdóttir, Head of Treasury and Investor Relations, at +354 844 4752 or via email. Eimskip continues to prioritize clear communication with its stakeholders to foster a sense of engagement and transparency.
Frequently Asked Questions
What is Eimskip's current share buy-back program?
Eimskip is currently engaged in a buy-back program, aiming to acquire up to 2,250,000 shares at a maximum total cost of ISK 750,000,000.
How many shares has Eimskip bought back so far?
As of now, Eimskip has successfully repurchased 1,564,680 shares within the buy-back program.
What percentage of shares does Eimskip own post buy-back?
Following these transactions, Eimskip holds 3,290,000 shares, which represents approximately 1.99% of the total issued shares.
What are the compliance regulations Eimskip follows?
Eimskip's buy-back program complies with the Act on Public Limited Companies and relevant European Market Abuse Regulations.
Who can be contacted for more information about the program?
For further details, Guðbjörg Birna Björnsdóttir, Head of Treasury and Investor Relations, is the main contact at Eimskip.
