Kaldalón hf. Continues Share Buyback Strategy in 2025
Overview of Kaldalón hf.'s Share Buyback Program
Kaldalón hf. is taking significant strides in its financial management through a share buyback program. As of week 41 in 2025, the company did not acquire any additional shares under this initiative, which was initially announced on Nasdaq Iceland.
Details of the Buyback Program
The current buyback program allows for the purchase of up to 15,000,000 shares, contingent upon a maximum expenditure limit of ISK 350,000,000. This program commenced on July 1, 2025, and will proceed until either the share limit or the spending cap is reached, with the final deadline set for December 31, 2025.
Progress So Far
Kaldalón hf. began the buyback program without any treasury shares. By the end of week 41, the company had successfully acquired 13,877,136 shares, amounting to about 1.28% of the total issued share capital. The total cost incurred for these buybacks stands at ISK 341,820,747.
Regulatory Compliance
The execution of the buyback program is in alignment with the Icelandic Companies Act No. 2/1995 and fits within the framework set by the European Union’s Regulation (EU) No. 596/2014 concerning market abuse. The company is dedicated to maintaining full compliance, ensuring ethical standards in their stock acquisition endeavors.
Importance of Share Buybacks
Share buybacks are often regarded as a sign of confidence in a company's financial health. They provide an opportunity for companies to return capital to shareholders while potentially increasing the share price by reducing the supply of available shares. Kaldalón hf.'s active participation in this buyback program reflects a commitment to maximizing shareholder value.
Looking Ahead
As the buyback program continues through 2025, stakeholders will be keen to observe Kaldalón hf.'s trajectory. The company’s efforts signify its strategic focus on capital management and market position enhancement.
Frequently Asked Questions
What is the purpose of Kaldalón hf.'s share buyback program?
The program is designed to enhance shareholder value by repurchasing shares from the market, which can lead to an increase in share price and improve return on equity.
How many shares is Kaldalón hf. permitted to buy back?
The program allows for a maximum buyback of 15,000,000 shares, depending on the financial limits set within the program.
As of now, how many shares has Kaldalón hf. repurchased?
To date, Kaldalón hf. has repurchased 13,877,136 shares, representing 1.28% of its total issued share capital.
What regulations guide Kaldalón hf.’s buyback program?
The buyback is carried out in accordance with Icelandic law and EU regulations concerning market conduct and share buybacks.
Who can I contact for more information regarding the share buyback?
For additional information, you can reach out to Jón Þór Gunnarsson, CEO of Kaldalón hf., via email at jon.gunnarsson@kaldalon.is.
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