ISS A/S Implements Share Buyback Program to Benefit Shareholders
Company Announcement
Transactions in connection with share buyback programme
ISS A/S, a prominent provider of workplace experience and facility management solutions, has recently introduced a significant share buyback program. This initiative aligns with their commitment to return excess cash to shareholders and is announced in accordance with relevant regulations aimed at preventing market abuse.
The core objective of this program is twofold: to reduce share capital and fulfill ISS’ commitments arising from share-based incentive initiatives for employees. By strategically managing capital, ISS can reinforce its dedication to shareholders, ensuring they benefit directly from the company's financial performance.
Details of the Buyback Program
The buyback program allows ISS to repurchase shares valued at a maximum of DKK 2.5 billion, which is projected to take place from February to February of the following year. The preliminary phase of this program, which has a budget of DKK 1.25 billion, is set to run through mid-August.
Transaction Highlights
Under the auspices of the current buyback program, ISS has already made a series of notable transactions. Below is a summary of the key transactions completed thus far:
- Accumulated before current transactions: 2,936,191 shares at an average price of DKK 159.91, totaling DKK 469,530,095.
- Recent Transactions include:
- April 22: Acquired 122,164 shares at DKK 155.22, worth DKK 18,962,553.
- April 23: Acquired 60,056 shares at DKK 158.76, worth DKK 9,534,527.
- April 24: Acquired 73,258 shares at DKK 160.47, worth DKK 11,755,477.
- April 25: Acquired 43,030 shares at DKK 161.42, worth DKK 6,946,053.
- Accumulated under the current program: 3,234,699 shares at an average of DKK 159.75, aggregating DKK 516,728,704.
Current Status of Treasury Shares
Following the execution of these buyback transactions, ISS A/S currently holds a total of 13,801,004 treasury shares, which equates to approximately 7.43% of the company's total share capital. This significant stake reinforces ISS' position as a forward-looking company committed to maximizing shareholder value.
Commitment to Transparency
In accordance with market regulations, ISS is committed to transparency in reporting the specifics of each transaction made as part of this share buyback initiative. This not only fosters trust among stakeholders but also aligns with ISS A/S's values of accountability and integrity.
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
About ISS A/S
As a leading global provider of workplace and facility service solutions, ISS A/S partners with customers to enhance the engagement and well-being of their workforce while minimizing environmental impact. With over 325,000 employees—dubbed "placemakers"—ISS A/S strives for excellence in service across various sectors, including offices, hospitals, airports, and factories. As of last year, the company reported group revenues of DKK 83.7 billion, underscoring its strong market position and operational efficiency.
Frequently Asked Questions
What is the purpose of ISS A/S's buyback program?
ISS A/S's buyback program aims to redistribute excess cash to shareholders, reduce share capital, and support share-based incentives for employees.
How much is ISS A/S planning to spend on this buyback?
The total buyback program has a budget of DKK 2.5 billion, with an initial tranche of DKK 1.25 billion planned for completion by mid-August.
What percentage of shares does ISS A/S currently hold?
ISS A/S currently holds 13,801,004 treasury shares, amounting to about 7.43% of its total share capital after recent buyback transactions.
How does the buyback program impact shareholders?
The buyback program intends to enhance shareholder value by increasing the ownership percentage of remaining shareholders and potentially boosting share prices.
What are the organizational values of ISS A/S?
ISS A/S emphasizes transparency, accountability, and a strong commitment to environmental sustainability in its operations.
