ISS A/S Completes Major Share Buyback Program Transactions

Overview of the Share Buyback Programme

ISS A/S is a prominent workplace experience and facility management company committed to enhancing shareholder value. Recently, ISS announced a new share buyback programme, which began in February 2024. This initiative aims to distribute excess cash to shareholders while also fulfilling obligations related to share-based incentive programs.

Objectives Behind the Share Buyback Programme

The primary goals of the share buyback programme are twofold. First, the company aims to reduce its share capital, effectively optimizing its financial structure. Second, this programme helps meet various obligations arising from ISS' incentive initiatives targeted towards retaining top talent and motivating employees. By engaging in this buyback strategy, ISS is actively demonstrating its commitment to enhancing shareholder value and strengthening its financial foundation.

Repurchase Details and Transaction Summary

Under the terms of the programme, ISS will buy back shares worth up to DKK 1.5 billion from February 22, 2024, to February 19, 2025. The programme includes significant tranches, with the second tranche allowing for purchases of up to DKK 1.0 billion beginning August 13, 2024. As of now, the total number of shares repurchased through this programme has accumulated to 7,178,248, demonstrating strong support from the market.

Recent Transactions Overview

The buyback programme has seen numerous transactions recently, including purchases on various dates totaling significant amounts. For instance, transactions on 25, 26, 27, 28, and 29 November 2024 reflected continued confidence in the share buyback strategy. These consistent repurchases highlight ISS’s commitment to returning value to its shareholders despite market fluctuations.

Impact of Buyback on Shareholder Value

Following these recent transactions, ISS A/S now holds a total of 8,586,347 treasury shares, representing about 4.62% of the company’s total share capital. This strategic move is expected to have a positive impact on the stock price as it signals confidence in the company's long-term prospects and commitment to its shareholders. Such actions often lead to an appreciation of share value, benefiting investors and strengthening the overall market position of ISS.

About ISS A/S

ISS is recognized as a leading global provider of workplace and facility service solutions. With a robust workforce of over 350,000 employees worldwide, ISS serves a diverse clientele, ensuring that their needs are met with excellence and care. The company is focused on driving employee engagement, enhancing well-being, reducing environmental impact, and preserving property. ISS operates across various sectors, including offices, factories, airports, and hospitals, underlining its versatile service delivery model.

Future Expectations

Looking ahead, ISS aims to continue leveraging its buyback programme as part of its broader strategy to create value for shareholders, solidify its market position, and ensure sustainable growth. With group revenues reaching DKK 78.7 billion in 2023, the company is well-positioned to embark on further initiatives that cater to both its operational goals and shareholder expectations.

Frequently Asked Questions

What is the purpose of ISS's share buyback programme?

The share buyback programme aims to redistribute excess cash to shareholders and meet obligations from ISS's share-based incentive programmes.

How much is ISS planning to spend on the share buyback?

ISS plans to repurchase shares worth up to DKK 1.5 billion over the course of the programme, set to run until February 19, 2025.

What percentage of shares does ISS currently hold as treasury shares?

ISS currently owns 8,586,347 treasury shares, amounting to approximately 4.62% of its total share capital.

Who can I contact for investor enquiries regarding ISS?

For investor enquiries, you can reach out to Michael Vitfell-Rasmussen, Head of Group Investor Relations, at +45 53 53 87 25.

What services does ISS A/S provide?

ISS A/S provides a wide range of workplace and facility service solutions aimed at enhancing the overall experience of various sectors including offices, airports, and hospitals.

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