ISS A/S Initiates Share Buyback Programme for Shareholders
ISS A/S Share Buyback Programme Announcement
Company Announcement
Transactions in connection with share buyback programme
ISS A/S, a leading workplace experience and facility management company, has initiated a new share buyback programme aimed at redistributing excess cash to its valued shareholders. The objective of this programme is twofold: to reduce the overall share capital and fulfill obligations related to ISS' share-based incentive plans.
As part of this strategic move announced recently, ISS plans to acquire shares for up to a total of DKK 2.5 billion, with the buyback window set from 20 February 2025 to 13 February 2026, ensuring ample time for market execution. The initial segment of this buyback consists of up to DKK 1,250 million, which will conclude no later than 11 August 2025.
Details of Recent Transactions
The share buyback programme has already seen significant engagement on Nasdaq Copenhagen A/S. To provide a clear overview, here is a summary of the transactions executed thus far under this programme:
Transaction Summary
Beginning with the most recent updates, the share buyback initiative has accumulated a series of successful transactions:
So far, ISS has repurchased a total of 399,069 shares, which translates to a significant investment amount totaling DKK 66,259,098 as of the last report. This rests on the average purchase price of DKK 166.03 per share.
Daily Transaction Details
The following transactions have been reported:
- **Accumulated, last announcement:** 76,659 shares with an average price of DKK 166.64 totaling DKK 12,774,692.
- **24 February 2025:** Purchased 66,026 shares at DKK 170.32, amounting to DKK 11,245,671.
- **25 February 2025:** Acquired 90,000 shares priced at DKK 169.14, reaching DKK 15,223,041.
- **26 February 2025:** 61,770 shares bought at DKK 163.20 equating to DKK 10,081,130.
- **27 February 2025:** 44,612 shares acquired at DKK 161.96 totaling DKK 7,225,328.
- **28 February 2025:** 60,000 shares at DKK 161.82 for a total of DKK 9,709,236.
Current Status of Share Holdings
Following these transactions, ISS A/S currently holds a total of 10,965,374 treasury shares, which represents approximately 5.91% of the company’s total share capital. This significant stake indicates the company’s commitment to enhancing shareholder value through strategic financial management.
Contact Information
For investor enquiries
Michael Vitfell-Rasmussen, Head of Group Investor Relations, can be reached at +45 53 53 87 25.
For media enquiries
Contact Charlotte Holm, Head of External Communication, at +45 41 76 19 89.
About ISS A/S
ISS A/S stands out as a premier global provider of workplace and facility service solutions. With a focus on enhancing employee engagement and minimizing environmental impact, ISS excels in maintaining properties and improving the overall workplace experience. The company employs more than 325,000 individuals worldwide, known as 'placemakers', and reported a total group revenue of DKK 83.7 billion in 2024. This robust performance catapults ISS into a significant position within the international facility management landscape.
Frequently Asked Questions
What is the purpose of ISS A/S's share buyback programme?
The share buyback programme aims to redistribute excess cash to shareholders and minimize the share capital, while fulfilling share-based incentive obligations.
How much is ISS A/S planning to spend on the share buyback?
ISS A/S plans to spend a total of DKK 2.5 billion on the share buyback programme.
What is the current accumulation of shares repurchased?
Currently, ISS A/S has repurchased a total of 399,069 shares under the programme.
How does the share buyback affect shareholders?
The share buyback is designed to enhance shareholder value by returning cash to them and reducing the total number of shares outstanding.
Who can investors contact for further information?
Investors can reach out to Michael Vitfell-Rasmussen, Head of Group Investor Relations, at +45 53 53 87 25 for more information.
About The Author
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