ISS A/S Share Buyback Program Details and Implications

Author: Thomas Cooper Updated: 02-03-2025 05:00 AM

Overview of the Share Buyback Program

Company Announcement

Transactions in connection with share buyback programme
ISS A/S, a prominent name in workplace experience and facility management, has introduced a share buyback program that started on 22 February 2024. This initiative is governed by Regulation (EU) No 596/2014 and aims to enhance shareholder value.

The Purpose Behind the Buyback

Through this strategic program, which is within regulatory bounds, ISS A/S seeks to return excess cash to its shareholders. Specifically, the aims are twofold: to lower the share capital and to satisfy commitments related to the company’s share-based incentive schemes.

Financial Scope of the Program

The total expenditure for the buyback program is capped at DKK 1.5 billion, spanning from 22 February 2024 to 19 February 2025. The second tranche of this initiative, set for an amount up to DKK 1.0 billion, commenced on 13 August 2024, completing no later than 19 February 2025.

Recent Transactions

The transparency of the program is underscored by detailing the executed transactions:

Accumulated transactions up to the last report:

Shares Bought: 8,827,940
Average Purchase Price (DKK): 127.95
Total Transaction Value (DKK): 1,129,539,667

Following this, here are the transactions that have taken place:

27 January 2025: 60,000 shares at DKK 134.52, totaling DKK 8,071,200.
28 January 2025: 65,000 shares at DKK 136.20, totaling DKK 8,853,000.
29 January 2025: 100,000 shares at DKK 134.74, totaling DKK 13,474,000.
30 January 2025: 60,000 shares at DKK 135.02, totaling DKK 8,101,200.
31 January 2025: 60,000 shares at DKK 135.28, totaling DKK 8,116,800.

Total Accumulated under the program:

Total Shares Bought: 9,172,940
Average Price (DKK): 128.22
Total Value (DKK): 1,176,155,867

Impact on Share Capital

Following the aforementioned transactions, ISS A/S currently holds a total of 10,581,039 treasury shares, constituting 5.70% of the overall share capital. This increase in treasury shares reflects the company's dedication to enhancing shareholder returns while maintaining a robust capital structure.

Contact Information for Stakeholders

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

About ISS A/S

ISS A/S stands as a global leader in providing comprehensive workplace and facility service solutions. By partnering with clients, ISS enhances the engagement and well-being of individuals, minimizes environmental impact, and protects property value. Known for our dedicated workforce of over 320,000 employees worldwide, we create livable spaces that foster both productivity and satisfaction. As of recent reports, our Group revenue reached an impressive DKK 78.7 billion, exemplifying our continuous growth.

Frequently Asked Questions

What is the main purpose of the ISS A/S share buyback program?

The primary aim is to return excess cash to shareholders while reducing the share capital and fulfilling obligations from share-based incentive programs.

How much money is allocated for the buyback?

ISS A/S has set aside a maximum of DKK 1.5 billion for the share buyback program.

What is the duration of the share buyback program?

The program runs from 22 February 2024 until 19 February 2025.

How many shares has ISS A/S bought back so far?

As of the latest transactions, ISS A/S has repurchased a total of 9,172,940 shares under this program.

Who can I contact for more information?

For investor inquiries, reach out to Michael Vitfell-Rasmussen, and for media inquiries, contact Charlotte Holm.

About The Author

Hello, I'm Thomas Cooper, a financial expert and writer passionate about helping people understand and navigate the financial world. Having a solid financial background and a lot of experience, my area of expertise is simplifying difficult financial ideas into useful, understandable guidance. My goal with my writings and blog entries is to provide you the information and resources you need to make wise financial choices.

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