Overview of the Share Buyback Programme
ISS A/S, a leading company in workplace experience and facility management, has reaffirmed its dedication to shareholders through an active share buyback programme. This initiative, which was first introduced in February 2024, is designed to return surplus cash to shareholders while maintaining the company's financial flexibility.
Objectives of the Programme
The primary goals of the share buyback programme include not only the reduction of overall share capital but also fulfilling obligations related to ISS's incentive programmes. This reflects ISS's commitment to enhancing shareholder value while also motivating its employees.
Financial Commitment and Timeline
This share buyback initiative is substantial, with a maximum budget of DKK 1.25 billion, and it will be active from February 2024 until February 2025. A key highlight is the second tranche, which began on 13 August 2024, allowing for up to DKK 750 million to be used for share repurchases. Such a significant financial commitment illustrates ISS's confidence in its ongoing growth and stability in the market.
Recent Transactions
As part of its continuous buyback efforts, ISS A/S has disclosed several transactions that have taken place under this programme. Here are the details of the 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, representing 3.21% of its total share capital. This information indicates a robust capital structure and highlights the company’s commitment to engaging with its investors.
Regulatory Compliance
In accordance with the EU's Market Abuse Regulation, all transaction details related to the share buyback programme are disclosed transparently. This practice is essential for maintaining investor trust and ensuring that stakeholders are kept informed about significant financial activities.
Contact Information
If you require more information about this programme or have inquiries related to investor relations, please 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 is a leader in the global market, offering innovative workplace and facility service solutions across various sectors, including offices, factories, and healthcare facilities. With over 350,000 dedicated employees worldwide, known as “placemakers,” ISS focuses on enhancing the well-being and engagement of individuals in the workplace while prioritizing environmental sustainability. In the most recent fiscal year, ISS reported impressive revenue of DKK 78.7 billion, demonstrating its operational strength 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.
