Share Buyback Programme Overview
ISS A/S, a prominent player in workplace experience and facility management, has recently highlighted its commitment to its shareholders through a proactive share buyback programme. This initiative, first announced back in February 2024, aims to allocate surplus cash back to its shareholders and ensure the company's financial flexibility.
Program Objectives
The main objectives behind the share buyback programme include not only reducing the overall share capital but also fulfilling the obligations linked to ISS’ incentive programmes. This shows ISS's dedication to increasing shareholder value while simultaneously incentivizing employees.
Financial Commitment and Timeline
The share buyback initiative is significant, allowing for a maximum expenditure of DKK 1.25 billion, with the programme running from February 2024 until February 2025. A notable aspect is the second tranche, which commenced on 13 August 2024, allocating up to DKK 750 million to repurchase shares. Such a robust financial commitment underscores ISS's belief in its continued growth and stability in the marketplace.
Recent Transactions
As part of its ongoing buyback efforts, ISS A/S has reported several transactions that have occurred within the constraints of this programme. Below are insights into recent share repurchases:
Transaction Date | Number of Shares | Average Purchase Price (DKK) | Transaction Value (DKK) |
---|---|---|---|
Accumulated, last announcement | 4,347,248 | 125.63 | 546,136,311 |
26 August 2024 | 45,000 | 123.84 | 5,572,800 |
27 August 2024 | 40,000 | 124.81 | 4,992,400 |
28 August 2024 | 41,000 | 123.43 | 5,060,630 |
29 August 2024 | 42,000 | 123.94 | 5,205,480 |
30 August 2024 | 40,000 | 124.82 | 4,992,800 |
Accumulated under the programme | 4,555,248 | 125.56 | 571,960,421 |
Following these transactions, ISS A/S now holds a total of 5,963,347 treasury shares, which represent 3.21% of its total share capital. This information signifies a healthy capital structure and demonstrates the company’s engagement strategy with its investors.
Regulatory Compliance
In alignment with the EU's Market Abuse Regulation, all transaction details under the share buyback programme are transparently disclosed to uphold investor trust and regulatory practices, making sure stakeholders are always in the loop regarding such significant financial maneuvers.
Contact Information
For anyone interested in more detailed information regarding this programme or inquiries related to investor relations, they can reach out to:
Michael Vitfell-Rasmussen
Head of Group Investor Relations
Phone: +45 53 53 87 25
Charlotte Holm
Head of External Communication
Phone: +45 41 76 19 89
About ISS A/S
ISS A/S stands as a leader in the global marketplace, providing innovative workplace and facility service solutions across various sectors including offices, factories, and healthcare facilities. With over 350,000 dedicated employees globally, referred to as “placemakers,” ISS prioritizes the well-being and engagement of individuals in the workplace, all while maintaining a keen focus on environmental sustainability. In the recent fiscal year, ISS reported a substantial revenue of DKK 78.7 billion, showcasing its operational prowess and commitment to excellence.
Frequently Asked Questions
What is the purpose of the ISS A/S share buyback programme?
The share buyback programme aims to redistribute excess cash to shareholders, reduce share capital, and meet obligations from incentive programmes.
How much capital is allocated for the share buyback programme?
The total maximum consideration for the buyback programme is DKK 1.25 billion, with a second tranche of DKK 750 million initiated in August 2024.
What details are provided regarding each transaction?
Each transaction made under the programme is disclosed per the EU's Market Abuse Regulation, ensuring transparency for investors.
Who should I contact for investor or media inquiries?
Michael Vitfell-Rasmussen is the contact for investor inquiries, while Charlotte Holm handles media inquiries at ISS A/S.
What is ISS's mission as a company?
ISS aims to enhance workplace experiences and service solutions while focusing on environmental stewardship and property maintenance across diverse global sectors.
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