ISS A/S Updates on Share Buyback Program Transactions
Transactions in Connection with Share Buyback Programme
Company Announcement
Transactions in connection with share buyback programme
ISS A/S, a leading workplace experience and facility management company, announced a new share buyback programme aimed at redistributing excess cash to shareholders.
Initiated in accordance with Regulation (EU) No 596/2014 of the European Parliament and the Council, this programme seeks to achieve two main objectives: (i) reduce the share capital and (ii) meet obligations arising from ISS’ share-based incentive programmes.
Under this programme, ISS is authorized to repurchase shares for a maximum consideration of DKK 1.25 billion from the start on 22 February 2024 to 19 February 2025, both days inclusive. The second tranche of the buyback programme, which allows for repurchases of up to DKK 750 million, commenced on 13 August 2024, with completion expected no later than 19 February 2025.
Reported Transactions Under the Programme
As part of the buyback programme, a series of transactions have been completed:
Accumulated, last announced transactions:
Number of shares: 4,131,248; Average purchase price: DKK 125.78; Total transaction value: DKK 519,636,851.
Subsequent transactions include:
- On 19 August 2024: 42,000 shares at an average price of DKK 123.55 (Total: DKK 5,189,100)
- On 20 August 2024: 42,000 shares at an average price of DKK 123.06 (Total: DKK 5,168,520)
- On 21 August 2024: 44,000 shares at an average price of DKK 121.88 (Total: DKK 5,362,720)
- On 22 August 2024: 44,000 shares at an average price of DKK 122.19 (Total: DKK 5,376,360)
- On 23 August 2024: 44,000 shares at an average price of DKK 122.79 (Total: DKK 5,402,760)
Total accumulated under the programme:
Number of shares: 4,347,248; Average purchase price: DKK 125.63; Total transaction value: DKK 546,136,311.
Following these transactions, ISS A/S currently holds a total of 5,755,347 treasury shares, equating to 3.10% of the total share capital.
Market Abuse Regulation Compliance
In compliance with the Market Abuse Regulation, detailed records of each transaction conducted under the share buyback programme have been duly maintained. This transparency is intended to uphold investor confidence and to adhere to regulatory requirements.
Contact Information for Investor and Media Enquiries
For any investor enquiries, please contact:
Michael Vitfell-Rasmussen, Head of Group Investor Relations, +45 53 53 87 25
For media enquiries, please reach out to:
Charlotte Holm, Head of External Communication, +45 41 76 19 89
About ISS A/S
ISS is a leading global provider of workplace and facility service solutions. Partnering with customers, ISS aims to engage and enhance people’s well-being, reduce environmental impact, and preserve property. The company achieves these goals through a unique combination of data-driven insight and service excellence at diverse locations, including offices, factories, airports, and hospitals worldwide. With over 350,000 employees across the globe, ISS plays an essential role in creating engaging workplace environments. In 2023, ISS reported a group revenue of DKK 78.7 billion.
Frequently Asked Questions
What is the purpose of the ISS A/S share buyback programme?
The share buyback programme aims to redistribute excess cash to shareholders, reduce share capital, and fulfill obligations from share-based incentive programs.
What is the maximum amount ISS A/S plans to spend on its share buyback programme?
ISS A/S has authorized a maximum expenditure of DKK 1.25 billion for the share buyback programme commencing from February 2024.
How many treasury shares does ISS A/S hold after the recent transactions?
Currently, ISS A/S holds a total of 5,755,347 treasury shares.
Who can be contacted for investor inquiries regarding ISS A/S?
Michael Vitfell-Rasmussen, Head of Group Investor Relations, is the contact for investor inquiries.
What was ISS A/S’s group revenue in 2023?
In 2023, ISS A/S reported a group revenue of DKK 78.7 billion.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.
Related Articles
- Skanska's Exciting Transformation of Retail Space into Healthcare
- TGS Announces New 4D Streamer Contract Focusing on Quality Data
- Sampo plc's Strategic Share Buyback Plan: An Insightful Overview
- Ray Dalio Discusses China's Economic Path and Challenges Ahead
- Ceremony to Honor 81 South Vietnamese Soldiers in America
- XRP Healthcare and Foventa Unite for Africa's Lab Innovations
- DEJONG Chooses CTPark Prešov North for New Facility in Europe
- Maye Musk Supports Elon Musk's Political Views on X
- Global Economic Shifts and Their Impact on Currency Dynamics
- Impact of Dockworker Strike on Shipping and Economy Unfolds
Recent Articles
- Visa's Future: Growth Opportunities and Prospects
- Warren Buffett's Investment Strategy: Top Stocks Revealed
- Current Challenges Facing Germany's Economic Outlook
- Viking Therapeutics: A Promising Future in Metabolic Treatments
- AI as a Service Market Expected to Surpass $124.2 Billion
- Hair Wax Stick Market Growth Projected to Reach $402M
- IDEX Biometrics Registers Capital Increase and Share Placement
- Bitcoin's Market Potential Amid Uncertain Trends
- International Petroleum Corporation Announces Share Buyback Details
- Medigene AG Announces Share Capital Reduction Implementation
- International Petroleum Corporation Announces Share Buyback Results
- ANEW MEDICAL Inc. Achieves Financial Milestone
- Aurora Mobile Partners with Closeli for Visual Cloud Innovation
- Santech Holdings Launches $5 Million Share Buyback Plan
- Pandora Launches Major Share Buyback Programme
- Exploring the Vanguard S&P 500 Growth ETF Performance
- Danske Bank A/S Operational Update and Share Transactions
- Prepayments Update from Realkredit Danmark A/S
- Sydbank's Latest Share Buyback Transactions Update
- Three Reasons Why Nvidia Stock Will Soar Post-August
- Promising Growth Stocks: Palantir Technologies and Monday.com
- Stucco Market Forecast: $21 Billion Growth by 2032
- Kering’s August Update: Shares and Voting Rights Overview
- Kering Monthly Share and Voting Rights Update
- DFDS A/S Share Buyback Program Update
- Exploring the Stock Split Phenomenon in 2024
- Merko Ehitus Secures Rail Baltica Construction Contract
- Global Airport Construction Projects Market Expansion
- Homeland Security Market Growth Projections to $900 Billion
- Totalkredit A/S Prepayment Data Update and Investor Insights
- Bitcoin Surges Amid Fed Rate Cut Speculations
- Overview of Prepayment Data by Nykredit Realkredit A/S
- Nvidia's Competitive Challenges Ahead and Market Insights
- Futu Holdings Limited Reaffirms BBB- Rating by S&P Global Ratings
- Danske Bank's Recent Share Buy-Back Transactions Overview
- Why Alphabet and Amazon May Surpass Apple in Growth
- Global Confectionery Market Growth Projected to Reach $256.2B
- Alm. Brand A/S Reports Weekly Share Buybacks
- Warren Buffett's Strategic Bets on Occidental Petroleum
- Royal Unibrew A/S Transaction Update from Management
- Upstart Holdings: Recovery and Future Potential Ahead
- IDEX Biometrics Achieves Visa Certification for Biometric Card
- Diagnostic Imaging Services Market Growth Outlook
- Impact of Durov’s Detention on Toncoin Market Value
- Healthcare Payer Services Market Growth and Opportunities
- Open Banking Market Growth Projections to $130.2 Billion
- Suominen Announces Leadership Changes in Americas Region
- Prospect Release for I&T Global Equities ESG Select Fund
- Volt Lithium Installs Field Unit, Boosts Production Capacity
- Advancing Multispecific Antibody Therapeutics in Medicine