Kaldalón hf. Announces Updated Share Buyback Program Details

Author: Addison Perry Updated: 07-07-2025 08:30 AM

Updated Information on Kaldalón hf. Share Buyback Program

In a recent announcement, Kaldalón hf. (“Kaldalón” or the “Company”) has provided corrected information regarding its share buyback program, initially reported recently. This announcement clarifies the volume of shares repurchased during Week 27, following an error in the data previously published by the program's administrator.

Details of the Share Buyback Program

This latest update discloses that during Week 27, Kaldalón successfully repurchased a total of 529,764 shares. The share price during this transaction was recorded at ISK 23.2, leading to a total purchase consideration of ISK 12,290,525.

Transaction Overview

The transactions conducted were entirely compliant with the buyback program announced on 30 June. Kaldalón plans to repurchase a maximum of 15 million shares, ensuring the total amount spent does not exceed ISK 350 million. The program is designed to operate until either threshold is met, but no later than the end of the year.

Share Repurchase Progress

Before starting these transactions, Kaldalón did not hold any treasury shares. Following the recent buybacks, the Company now holds a total of 529,764 shares, a small fraction representing 0.05% of the total issued share capital.

Legal Compliance and Transparency

Kaldalón hf. is executing the share buyback in adherence to laws and regulations concerning market practices, specifically the Icelandic Companies Act and relevant EU regulations. These measures ensure that the execution of the buyback program aligns with both domestic and international standards for market operations.

Future Outlook

The share buyback program reflects Kaldalón’s strategy to enhance shareholder value through prudent financial management. By minimizing the total number of outstanding shares, the Company aims to potentially bolster market confidence and stabilizes its share price.

Contact Information

For any inquiries, Jón Þór Gunnarsson, the CEO of Kaldalón, is available for contact via email at jon.gunnarsson@kaldalon.is.

Frequently Asked Questions

What is the purpose of Kaldalón's buyback program?

The buyback program is intended to enhance shareholder value by returning capital while potentially stabilizing the share price through reduced shares in circulation.

How many shares has Kaldalón repurchased so far?

Kaldalón has repurchased a total of 529,764 shares, amounting to 0.05% of the total issued share capital.

When is the buyback program expected to conclude?

The program is expected to remain active until either the maximum volume or purchase amount is reached, but no later than the end of the year.

Is Kaldalón compliant with relevant regulations?

Yes, Kaldalón is executing its share buyback program in accordance with the Icelandic Companies Act and relevant EU regulations.

Who can I contact for more information about Kaldalón?

You can reach out to Jón Þór Gunnarsson, the CEO, at jon.gunnarsson@kaldalon.is for further inquiries.

About The Author

Hello, I'm 30-year-old financial writer and expert Addison Perry, and I love to simplify the intricacies of the financial industry. I've committed myself over the years to deciphering the subtleties of investing techniques and economic trends and converting them into doable guidance that anybody can use. My goal with writings and books is to make money interesting and approachable so that readers may take charge of their financial futures.

My enthusiasm to empowerment and education has propelled me through my career in finance. I write because I think that everyone should be able to make educated financial decisions, and I try to provide that. Regardless of experience level with investing, my work is intended to provide insightful analysis and practical advice to enable you to thrive in the always changing financial environment. I appreciate you traveling with me toward success and financial literacy.

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