Kaldalón hf. Announces Recent Share Buyback Transactions
Kaldalón hf. Announces Recent Share Buyback Transactions
Kaldalón hf. has recently engaged in a routine share buyback transaction, reflecting its commitment to enhance shareholder value. The company repurchased a total of 2,544,345 of its own shares for ISK 61,909,963. This strategic move underscores the firm’s confidence in its financial standing and future prospects.
Details of the Share Buyback Program
These buyback transactions took place over a specific period and were executed in accordance with the company’s buyback program initiated on June 30, 2025. The outlined program permits the firm to buy back up to 15,000,000 shares, with an overall spending cap of ISK 350,000,000. Notably, this program commenced on July 1, 2025, illustrating the company's proactive approach to optimizing its capital structure.
Transaction Breakdown
On multiple occasions throughout the buyback period, Kaldalón hf. made strategic purchases which included: 635,000 shares at ISK 24.2, followed by 500,000 shares at ISK 24, and several other transactions at varying prices and volumes. Each transaction reflects the company’s strategic timing and commitment to returning value to its shareholders.
Impact of the Buybacks
Prior to these transactions, Kaldalón hf. owned 529,764 shares. With the recent purchases, the total treasury shares held by the company rose to 3,074,109, accounting for 0.28% of the total issued share capital. This increment confirms the company's objective of supporting shareholder interests and reinforcing investor confidence.
Regulatory Compliance
The buyback program is in strict compliance with the Icelandic Companies Act No. 2/1995 and various EU regulations concerning market abuse, ensuring that all transactions are conducted within legal frameworks established to protect investors and maintain market integrity. Kaldalón hf. is committed to maintaining transparency and adhering to best practices in corporate governance.
Looking Ahead
With the buybacks clearly indicating a bullish stance, Kaldalón hf. intends to continue evaluating market conditions and potential opportunities to enhance its shareholder returns. The company has previously spent ISK 74,200,488 on share repurchases under this program, further aligning its financial strategies with its long-term growth objectives.
For further information, Kaldalón hf. invites stakeholders to reach out directly to the company contact. The ongoing engagement with investors and transparency in operations are key components fueling Kaldalón hf.’s strategic initiatives.
Contact:
Jón Þór Gunnarsson, CEO
jon.gunnarsson@kaldalon.is
Frequently Asked Questions
What is the purpose of Kaldalón hf.'s share buyback program?
The share buyback program aims to return value to shareholdersby repurchasing its own shares, thereby signaling confidence in company performance.
How many shares were purchased in the recent buyback?
Kaldalón hf. purchased a total of 2,544,345 shares in the most recent transaction.
What is the total purchase price for the buyback?
The total expenditure for the recent buyback amounted to ISK 61,909,963.
What percentage of the total issued share capital does the buyback represent?
The repurchased shares represent 0.28% of Kaldalón hf.'s total issued share capital.
Who can I contact for more information about the buyback program?
For inquiries, please contact Jón Þór Gunnarsson, CEO, at jon.gunnarsson@kaldalon.is.
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