Transactions Related to ISS A/S Share Buyback Program
Company Announcement
Transactions in connection with share buyback programme
ISS A/S, a prominent workplace experience and facility management company, has initiated a share buyback program to enhance shareholder value. This initiative was first announced earlier in the year and aligns with the regulations established by the European Parliament for market conduct.
The objective of this share buyback program is twofold: to redistribute excess cash to shareholders and to manage share capital effectively. Furthermore, it assists in fulfilling obligations tied to employee incentive plans.
This ongoing program allows for a buyback of shares up to a total of DKK 1.25 billion, with the current phase commencing on 22 February and concluding by 19 February of the following year. The second tranche, amounting to DKK 750 million, began on 13 August and is set to complete no later than 19 February.
Recent Transactions Under the Program
A series of notable transactions have already taken place under this program:
Accumulated Transactions
As of the latest announcement, ISS A/S has successfully repurchased 5,217,248 shares at an average price of DKK 126.04, amounting to a total value of DKK 657,567,681.
Recent Activity
In recent transactions, the company made several significant purchases:
- On 30 September, 33,000 shares were bought at an average price of DKK 134.24, totaling DKK 4,429,920.
- On 1 October, another 33,000 shares were purchased at DKK 133.76, worth DKK 4,414,080.
- Further, the transaction on 2 October mirrored this with 33,000 shares at an average price of DKK 131.46, for a total transaction value of DKK 4,338,180.
- On 3 October, a purchase of 32,000 shares at DKK 131.85 was executed, totaling DKK 4,219,200.
- The latest transaction on 4 October added 30,000 shares at an average purchase price of DKK 132.10, resulting in a transaction value of DKK 3,963,000.
This reflects a total of 5,378,248 shares repurchased under the current buyback program, with an updated average purchase price of DKK 126.24 and an overall transaction value of DKK 678,932,061.
Thus far, the treasury shares owned by ISS A/S amount to 6,786,347, which corresponds to 3.66% of the total share capital, indicating robust engagement in the program.
Commitment to Transparency
In accordance with the Market Abuse Regulation, ISS is dedicated to keeping shareholders informed about transaction details as they progress. The company believes in open communication and aims to provide clarity on all financial activities associated with the buyback program.
About ISS A/S
ISS A/S is globally recognized as a leading provider of workplace and facility services. The company focuses on improving the workplace environment while ensuring the well-being of workers. With an impressive global workforce exceeding 350,000 employees, ISS has demonstrated substantial growth, reporting Group revenue of DKK 78.7 billion in the previous year. The company's commitment to environmental stewardship, workplace engagement, and service excellence drives its performance across various sectors including offices, hospitals, airports, and more.
For investor inquiries:
Michael Vitfell-Rasmussen, Head of Group Investor Relations, +45 53 53 87 25
For media inquiries:
Charlotte Holm, Head of External Communication, +45 41 76 19 89
Frequently Asked Questions
What is the purpose of the share buyback program?
The share buyback program aims to redistribute excess cash to shareholders, reduce share capital, and meet obligations from incentive programs.
How many shares has ISS A/S repurchased so far?
As of the latest update, ISS A/S has repurchased a total of 5,378,248 shares.
What is the overall transaction value of the buybacks?
The overall transaction value of the repurchased shares under the buyback program is DKK 678,932,061.
Who can I contact for investor inquiries?
Michael Vitfell-Rasmussen is the contact for investor inquiries.
What sectors does ISS A/S serve?
ISS A/S provides services across various sectors, including offices, hospitals, factories, and airports.
