Transactions Related to Share Buyback Programme
Company Announcement
Transactions Related to Share Buyback Programme
ISS A/S, a prominent company in workplace experience and facility management, has unveiled a new share buyback programme designed to return excess cash to its shareholders.
Launched in accordance with Regulation (EU) No 596/2014 from the European Parliament and the Council, this programme aims to achieve two key objectives: (i) to reduce share capital and (ii) to fulfill obligations arising from ISS's share-based incentive programmes.
Under this initiative, ISS is authorized to repurchase shares for a total maximum amount of DKK 1.25 billion, starting from 22 February 2024 and continuing until 19 February 2025, both dates included. The second phase of the buyback programme, which permits repurchases of up to DKK 750 million, began on 13 August 2024, with the completion expected by 19 February 2025 at the latest.
Transactions Reported Under the Programme
A number of transactions have been executed as part of the buyback programme:
Accumulated and Last Announced Transactions:
Number of shares: 4,131,248; Average purchase price: DKK 125.78; Total transaction value: DKK 519,636,851.
Recent 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 now holds a total of 5,755,347 treasury shares, which represents 3.10% of the total share capital.
Compliance with Market Abuse Regulation
In line with the Market Abuse Regulation, comprehensive records of each transaction conducted under the share buyback programme have been meticulously maintained. This level of transparency is designed to enhance investor confidence and ensure compliance with regulatory standards.
Contact Information for Investor and Media Inquiries
If you have any investor inquiries, please reach out to:
Michael Vitfell-Rasmussen, Head of Group Investor Relations, +45 53 53 87 25
For media inquiries, please contact:
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. By partnering with customers, ISS focuses on enhancing people's well-being, minimizing environmental impact, and safeguarding properties. The company achieves these objectives through a unique blend of data-driven insights and service excellence across various settings, including offices, factories, airports, and hospitals worldwide. With a workforce of over 350,000 employees globally, ISS plays a vital 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 is designed to redistribute excess cash to shareholders, lower share capital, and meet 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 set a maximum expenditure of DKK 1.25 billion for the share buyback programme starting in 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 designated 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.
