Kaldalón hf. Announces Recent Share Buyback Activities
Recently, Kaldalón hf. engaged in a strategic move to purchase 250,000 of its own shares for a total investment of ISK 6,550,000. This initiative reflects the company's commitment to enhancing shareholder value through its planned buyback program.
Share Buyback Program Overview
The share buyback program was initially announced on 28 October 2025 and has been published on the Nasdaq Iceland stock exchange. According to the provisions of the program, Kaldalón hf. has the authority to repurchase a maximum of 9,000,000 shares, ensuring the total spending does not exceed ISK 250,000,000. The program officially started on 29 October 2025 and will remain active until the set limits are either achieved or until 31 December 2025, whichever comes first.
Details of Recent Transactions
On 9 December 2025 at 10:23:42, Kaldalón hf. made a notable purchase of 250,000 shares. The share price during this transaction was set at 26.20, culminating in a total purchase consideration of 6,550,000 ISK. With this recent acquisition, the company now holds a total of 20,050,293 treasury shares, representing approximately 1.85% of the total issued share capital.
Progress Under the Share Buyback Program
To date, Kaldalón hf. has successfully acquired a cumulative total of 5,860,372 shares through this program. This figure accounts for about 0.54% of its issued share capital, translating to a total expenditure of ISK 151,975,352. With these meaningful buybacks, Kaldalón hf. aims to reinforce its financial stability and return value to shareholders.
Regulatory Compliance and Approach to Market Activity
The ongoing buyback program complies with the Icelandic Companies Act No. 2/1995, specifically aligned with the European Parliament’s Regulation (EU) No. 596/2014 regarding market abuse. Moreover, these transactions are governed further by the Act No. 60/2021 on measures against market abuse and the Commission Delegated Regulation (EU) 2016/1052, which establishes the technical standards necessary for implementing buyback programs effectively.
Future Prospects and Commitment
Kaldalón hf. remains steadfast in its approach to maximizing shareholder value through disciplined capital allocation strategies. As the share buyback program progresses, stakeholders can look forward to continued updates on transaction activities and performance under this initiative.
Contact Information for Inquiries
For more detailed information regarding the recent share buyback activities or related inquiries, please reach out to Jón Þór Gunnarsson, CEO, at jon.gunnarsson@kaldalon.is.
Frequently Asked Questions
What is the purpose of Kaldalón hf.'s share buyback program?
The share buyback program is intended to enhance shareholder value by purchasing shares on the market, thus potentially increasing the share price and providing returns to investors.
How many shares has Kaldalón hf. repurchased so far?
Kaldalón hf. has repurchased a total of 5,860,372 shares under the buyback program, which accounts for 0.54% of the company's issued share capital.
What are the financial limits of the buyback program?
The buyback program allows Kaldalón hf. to purchase up to 9,000,000 shares, with a maximum expenditure capped at ISK 250,000,000.
When will the buyback program end?
The buyback program will continue until either the total number of shares or the monetary limit is reached, with a final deadline set for 31 December 2025.
Who can I contact for more information?
For inquiries regarding the buyback program or other corporate matters, contact Jón Þór Gunnarsson, CEO, via email at jon.gunnarsson@kaldalon.is.
