Overview of Share Buyback Activities
In a recent announcement, Kaldalón hf. reported significant share buyback activities conducted throughout a designated period, where the company acquired a total of 1,544,666 shares. The total amount spent on these purchases was ISK 39,932,383, reflecting the company's commitment to enhancing shareholder value.
Details of Share Transactions
During the course of the recent buyback program, Kaldalón hf. executed a series of transactions, obtaining shares at varying prices. On November 10, 2025, for instance, the company purchased 400,000 shares at a price of ISK 26.00 per share, amounting to ISK 10,400,000. This release of shares exposes the company’s engaged strategy to utilize its capital efficiently for the benefit of its investors.
Purchase Breakdown
Each purchasing event of shares was recorded accurately, showcasing the timings, quantities, and prices paid. Reports show that the average price of shares for many transactions hovered around ISK 25.80, an indication of stable demand and a solid operational strategy from Kaldalón hf.
Treasury Shares After Transactions
Following the completion of this series of purchases, Kaldalón hf. retained a total of 17,884,587 shares in treasury. This reflects ownership of approximately 1.65% of the total issued share capital. Proving to be a significant player within its market, Kaldalón hf. clearly demonstrates strategic foresight in its financial management.
Share Buyback Program Compliance
The ongoing buyback initiatives by Kaldalón hf. are conducted in strict compliance with relevant regulations under Icelandic law, particularly adhering to the provisions outlined in the Icelandic Companies Act and EU regulations. This meticulous approach reinforces the company’s dedication to operating transparently and ethically within the market.
Share Buyback Limits
Under the terms of the approved buyback program initiated, the company has the option to repurchase up to 9,000,000 shares, with a limit on the maximum total consideration fixed at ISK 250,000,000. The ability to conduct repurchases hinges on achieving specified volume thresholds.
Future Directions and Commitments
Looking ahead, Kaldalón hf. is poised to extend the buyback program until the aforementioned maximum thresholds are reached or until December 31, 2025. This strategic plan shows the company's focus on creating shareholder value and responding adeptly to market conditions.
Prior to these transactions, Kaldalón hf. held 16,339,921 shares. The recent purchases highlight a forward-thinking approach towards shareholder engagement and long-term growth potential.
Contact Information
For inquiries regarding the share buyback program or other related matters, 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 and demonstrate confidence in the company’s financial health.
How many shares has Kaldalón hf. repurchased to date?
So far, the company has repurchased a total of 3,694,666 shares under this buyback initiative.
What are the regulatory frameworks governing these buybacks?
The buybacks comply with the Icelandic Companies Act and relevant EU regulations, ensuring ethical practices in market operations.
How does the share buyback affect company ownership?
After the latest transactions, Kaldalón hf. holds approximately 1.65% of its total issued share capital in treasury shares.
What is the maximum number of shares that can be repurchased?
Kaldalón hf. can repurchase up to a maximum of 9,000,000 shares, with a monetary cap of ISK 250,000,000.
