Kaldalón hf. Engages in Strategic Share Buybacks Program
Kaldalón hf. Engages in Strategic Share Buybacks
In recent financial activities, Kaldalón hf. purchased 3,050,000 of its own shares, reflecting a total expenditure of ISK 76,460,000. This move highlights the company's commitment to managing and enhancing shareholder value as part of its ongoing buyback program.
Details of the Share Purchases
During the latest round of purchases within this program, several transactions were executed:
Transaction Insights
On July 14, 2025, transactions included:
- 09:54 - 500,000 shares at ISK 25.2 totaling ISK 12,600,000
- 10:39 - 500,000 shares at ISK 25 totaling ISK 12,500,000
Subsequent transactions on July 15, 2025, further continued this trend, including another purchase of 500,000 shares at ISK 25.2 resulting in an investment of ISK 12,600,000. These consistent buying activities strengthen Kaldalón hf.'s market position.
Total Shares and Overall Impact
Following all purchases, Kaldalón hf. now holds 6,124,109 shares representing approximately 0.56% of the total issued share capital. Prior to these transactions, the treasury share count stood at 3,074,109 shares. The company aims to manage and optimize its share structure effectively through this strategic initiative.
Context of the Buyback Program
The buyback initiative, introduced on June 30, 2025, allows Kaldalón hf. to repurchase up to 15,000,000 shares, provided the total investment does not surpass ISK 350,000,000. This program commenced on July 1, 2025, and is designed to remain active until either the maximum volume is reached or until December 31, 2025. This plan underscores the company's strategic approach to bolstering its market standing and reaffirming its commitment to its investors.
Compliance and Regulatory Framework
Kaldalón hf.'s buyback program operates under strict compliance with the Icelandic Companies Act No. 2/1995, relevant EU regulations that govern market conduct, and Icelandic laws ensuring that all actions adhere to standards against market abuse. This vigilance not only maintains market integrity but also protects shareholders' interests.
Contact Information for Inquiries
If you have questions or need further details, please reach out to:
Jón Þór Gunnarsson, CEO
jon.gunnarsson@kaldalon.is
Frequently Asked Questions
What is the purpose of Kaldalón hf.'s share buyback program?
The program aims to enhance shareholder value by repurchasing shares and managing the overall capital structure efficiently.
How many shares has Kaldalón hf. repurchased to date?
As of now, Kaldalón hf. has repurchased a total of 6,124,109 shares through the buyback program.
What are the financial limits of the buyback program?
The buyback program allows for the repurchase of up to 15,000,000 shares not exceeding a total consideration of ISK 350,000,000.
When did the share buyback program begin?
The program began on July 1, 2025, following its announcement on June 30, 2025.
How does the buyback program comply with regulations?
It adheres to the Icelandic Companies Act and relevant European regulations, ensuring lawful conduct in the market.
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