Share Buyback Programme Overview
Company Announcement
Transactions in connection with share buyback programme
ISS A/S, a leading workplace experience and facility management firm, recently introduced an extensive share buyback initiative, released on 20 February. This programme aligns with market regulations aimed at supporting shareholder interests.
Purpose and Structure of the Programme
The core intent behind this buyback initiative is to distribute excess cash back to shareholders while also fulfilling obligations from share-based incentive schemes. The essence of the share buyback is twofold: primarily to reduce the overall share capital and subsequently return wealth to investors.
ISS A/S has set a budget of up to DKK 2.5 billion for share purchases, scheduled to occur between 20 February and 13 February the following year. The rollout is strategically segmented, with an initial tranche of DKK 1.25 billion aimed to be completed by August.
Recent Share Transactions
Recent transactions under this buyback programme have shown robust activity. Here’s a snapshot of significant purchases made by ISS A/S:
- Accumulated Purchases (by last announcement): 399,069 shares at an average price of DKK 166.03 totaling DKK 66,259,098.
- 3 March: Added 77,008 shares at DKK 161.81, totaling DKK 12,460,603.
- 4 March: Acquired 43,452 shares at DKK 161.16, with a transaction value of DKK 7,002,542.
- 5 March: Re-purchased 150,000 shares at DKK 162.00, adding up to DKK 24,299,430.
- 6 March: 59,603 shares were bought at DKK 160.06, worth DKK 9,540,348.
- 7 March: Closed a transaction for 55,498 shares at DKK 159.42, totaling DKK 8,847,364.
- Total under the programme: 784,630 shares at an average price of DKK 163.66, amounting to DKK 128,409,385.
As a result of these strategic acquisitions, ISS A/S now holds a total of 11,350,935 treasury shares, which is roughly 6.11% of its total share capital, showcasing the commitment to enhancing shareholder value.
Statement on Market Regulations
In adherence to the Market Abuse Regulation, ISS A/S will ensure transparent reporting of individual transactions conducted under this buyback scheme. This ensures that shareholders and potential investors are kept informed about the activity within the company.
Company Profile and Market Position
ISS serves as a prominent global provider of workplace and facility service solutions, dedicated to enhancing workplace experiences across various sectors. Their mission hinges on fostering engagement and well-being among employees while minimizing environmental footprints. This commitment is backed by over 325,000 dedicated professionals across the globe, a workforce they affectionately term as 'placemakers'. Last year, the company reported a staggering Group revenue of DKK 83.7 billion, reinforcing its established footprint in facility management worldwide.
For more information about ISS, visit www.issworld.com.
Frequently Asked Questions
What is the purpose of ISS A/S's share buyback programme?
The primary objective is to return excess cash to shareholders and fulfill commitments related to share-based incentive programs.
How much is ISS A/S planning to spend on the buyback?
ISS A/S has earmarked up to DKK 2.5 billion for its share buyback programme.
What was the average purchase price of shares bought back recently?
The average purchase price of shares acquired in the latest transactions was DKK 163.66.
How many treasury shares does ISS A/S currently hold?
Currently, ISS A/S holds 11,350,935 treasury shares, which accounts for approximately 6.11% of its total share capital.
Who can shareholders contact for inquiries regarding the share buyback?
Shareholders can reach out to Michael Vitfell-Rasmussen, Head of Group Investor Relations, at +45 53 53 87 25 for investor-related questions.
