ISS A/S Implements Strategic Share Buyback Programme
Transactions Under ISS A/S Share Buyback Programme
Company Announcement
In an effort to enhance shareholder value, ISS A/S has initiated a strategic share buyback programme, as announced recently. This initiative aims to redistribute excess cash and is aligned with the Market Abuse Regulation.
Purpose of the Share Buyback
The primary reasons driving ISS A/S to embark on this share buyback programme are twofold. Firstly, it will lead to a reduction in share capital, thus benefiting existing shareholders by increasing the value of their remaining shares. Secondly, it will support ISS A/S in fulfilling commitments related to its share-based incentive programmes, ensuring that the company can adequately reward its valued employees.
Financial Overview of the Programme
ISS A/S has set a maximum budget of DKK 2.5 billion for the buyback transactions, spanning from February 20, 2025, to February 13, 2026. The initial phase involves a commitment of up to DKK 1,250 million, which is expected to conclude no later than August 11, 2025.
Recent Transactions
A summary of the key transactions executed as part of the share buyback programme includes the following:
As of the latest announcement, the accumulated number of shares repurchased is 2,936,191 shares, at an average purchase price of DKK 159.91. This represents a significant investment of approximately DKK 469,530,095 by the company.
On April 14, 2025, a total of 89,181 shares were acquired at an average price of DKK 151.06, while on April 15, 2025, an additional 42,978 shares were purchased at DKK 154.72. Subsequently, on April 16, 2025, 70,827 shares were bought at an average price of DKK 155.62.
Ownership Status
Following these transactions, ISS A/S now holds a total of 13,502,496 treasury shares, accounting for approximately 7.27% of the total share capital. This reflects the company's ongoing commitment to enhancing shareholder returns through strategic financial management.
About ISS A/S
ISS A/S is a global leader in providing workplace and facility service solutions. By focusing on enhancing the experience of its customers, ISS contributes to the well-being of employees across various industries, including offices, hospitals, and airports. With a dedicated workforce of over 325,000 employees, the company prioritizes sustainability and service excellence in all its operations.
For further insights and updates regarding the company’s operations and initiatives, visit www.issworld.com.
Frequently Asked Questions
What is the purpose of the ISS A/S share buyback programme?
The programme aims to redistribute excess cash to shareholders and fulfill obligations related to employee incentive programmes.
How much is ISS A/S investing in the share buyback?
The company has allocated a maximum of DKK 2.5 billion towards its share buyback programme.
What is the timeframe for the share buyback programme?
The buyback programme will run from February 20, 2025, to February 13, 2026.
How many shares has ISS A/S repurchased so far?
As of the latest update, ISS A/S has repurchased a total of 2,936,191 shares under the programme.
What percentage of the total share capital does ISS A/S own?
Currently, ISS A/S owns approximately 7.27% of its total share capital in treasury shares.
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