Kaldalón hf. Share Buyback Program Update
Kaldalón hf. has undertaken significant steps in its share buyback program, recently purchasing a total of 728,821 shares for ISK 17,641,704. This process, which is designed to enhance shareholder value, reflects the company's commitment to returning capital to shareholders while optimizing its capital structure.
Recent Transactions Overview
During the week, several transactions were executed under the buyback program, with detailed information about each transaction as follows:
- Date: Various transactions occurred on September 16 and September 18, 2025.
- Total Shares Purchased: 728,821 shares.
- Average Share Price: Ranged from 24.0 to 24.4 ISK per share.
- Total Expense: 17,641,704 ISK.
For example, on September 16, several shares were purchased at approximately 24 ISK, significantly contributing to the overall volume under the buyback scheme.
Transaction Breakdown
The breakdown of some notable transactions conducted includes:
- Transaction 1: 4,207 shares purchased at 24.4 ISK, totaling 102,651 ISK.
- Transaction 2: 241,586 shares at 24.4 ISK, amounting to 5,894,698 ISK.
- Transaction 3: 13,633 shares at 24.0 ISK, costing 327,192 ISK.
Following these transactions, Kaldalón hf. now holds a total of 13,364,658 treasury shares, which represents around 1.23% of the company's total issued share capital.
Program Specifications
The share buyback program, initiated on July 1, 2025, is designed to allow Kaldalón hf. to repurchase up to 15,000,000 shares, with an overall limit of ISK 350,000,000. This program is set to continue until either the share quantity or monetary limit is achieved, or until December 31, 2025, whichever comes first.
Regulatory Compliance
The buyback activities are fully compliant with the Icelandic Companies Act No. 2/1995 and European Union regulations on market abuse, ensuring that all transactions are carried out ethically and transparently. The program aligns with the high standards set forth by Commission Delegated Regulation (EU) 2016/1052 regarding buyback schemes.
Contact Information
For further inquiries about the share buyback program or other matters concerning Kaldalón hf., please reach out to:
Jón Þór Gunnarsson, CEO
Contact Email: jon.gunnarsson@kaldalon.is
Frequently Asked Questions
What is the goal of Kaldalón hf.'s buyback program?
The primary goal is to increase shareholder value by repurchasing shares, which also helps optimize the capital structure of the company.
How many shares has Kaldalón hf. bought to date?
The company has purchased a total of 13,364,658 shares, which is approximately 1.23% of its total issued share capital.
What is the maximum allowable share purchase under the program?
Kaldalón hf. is permitted to repurchase up to 15,000,000 shares, depending on market conditions and shareholder interests.
When did the buyback program start?
The buyback program commenced on July 1, 2025, and is set to remain in effect until the set thresholds are met.
Where can investors find more information about the buyback activities?
Investors can refer to official communications from Kaldalón hf. through their public announcements and filings with relevant stock exchanges.
