Successful Share Buyback Program Completion
Company Announcement
ISS A/S has proudly announced the completion of its share buyback program, reflecting the company's ongoing commitment to enhancing shareholder value. This initiative, which started earlier, has yielded remarkable results, showcasing the company’s strong financial health and strategic planning.
Program Overview
The share buyback program was initiated to redistribute excess cash to shareholders and fulfill obligations tied to ISS’ share-based incentive programs. It aligns with the regulations stipulated under the European Market Abuse Regulation, ensuring transparency and compliance throughout the process.
Financial Highlights
During the execution of this program, which spanned from 22 February 2024 to the completion date, ISS successfully repurchased a total of 9,950,148 shares, investing approximately DKK 1.5 billion. The average purchase price for these shares was DKK 129.39, highlighting the careful financial planning invested in this initiative.
Recent Transactions Recorded
A notable transaction occurred on 15 August when KIRKBI Invest A/S sold 1,700,544 shares to ISS for a total value of DKK 212.5 million. The detailed transaction list includes significant buybacks completed recently, reinforcing the program's success and the enhanced liquidity for shareholders.
Strategic Importance of the Buyback Program
This share buyback program is not just a financial maneuver but also a strategic decision positioned to reduce share capital and thereby increase the value of the remaining shares. By returning capital to shareholders, ISS A/S strengthens its relationship with investors and builds confidence in its market strategy.
Treasury Shares Ownership
As a result of the transactions under the buyback program, ISS A/S now holds a total of 11,358,247 treasury shares, which corresponds to 6.12% of the total share capital. This reallocation of shares is expected to stimulate demand among existing and potential investors, indicating the firm’s robust market position.
Compliance and Reporting
In line with regulatory obligations, ISS A/S provides full transparency regarding the details of each transaction made during the buyback initiative. This openness not only maintains compliance but also reinforces stakeholder trust in the company’s operations.
About ISS A/S
ISS A/S is a global leader in workplace and facility management. The company's mission is to enhance the workplace experience across industries while ensuring minimal environmental impact. With over 325,000 dedicated 'placemakers' around the globe, ISS is committed to delivering quality service in offices, factories, hospitals, and various other facilities. Reporting a group revenue of DKK 78.7 billion in recent years, ISS continues to thrive in a competitive market by unifying data and service excellence.
For Investor Enquiries
Michael Vitfell-Rasmussen, Head of Group Investor Relations, +45 53 53 87 25
For Media Enquiries
Charlotte Holm, Head of External Communication, +45 41 76 19 89
Frequently Asked Questions
What was the total investment made by ISS A/S in the share buyback program?
ISS A/S invested approximately DKK 1.5 billion in the share buyback program.
How many shares were repurchased through the program?
A total of 9,950,148 shares were repurchased during the program.
What percentage of the total share capital does ISS A/S now own in treasury shares?
ISS A/S now owns 6.12% of the total share capital in treasury shares.
What was the average repurchase price for the shares?
The average repurchase price for the shares was DKK 129.39.
Who can be contacted for investor and media inquiries?
Michael Vitfell-Rasmussen handles investor inquiries, while Charlotte Holm is the point of contact for media inquiries.
