Kaldalón hf. Updates on Share Buyback Activity and Progress
Overview of Kaldalón hf.'s Share Buyback Program
Kaldalón hf. has actively engaged in a strategic share buyback program aimed at enhancing shareholder value. Recently, the company reported a notable acquisition of its own shares, demonstrating a commitment to its stakeholders and a robust approach to financial management.
Recent Transactions in Share Buybacks
In a recent update, Kaldalón hf. announced that it had purchased 500,000 of its own shares for a total of ISK 12,700,000. These purchases were strategically executed to align with the goals set out in their ongoing buyback program.
Details of the Recent Buybacks
The specifics of the recent buybacks are significant. On a particular day, the company made two transactions at different times, acquiring 163,020 shares at a share price of 25.4 and subsequently buying another 336,980 shares at the same price. The cumulative effect of these transactions brought the total number of shares held by Kaldalón hf. to 7,166,026.
Framework of the Buyback Program
Initiated on July 1, 2025, the buyback program permits Kaldalón hf. to repurchase shares, with a maximum volume of 15,000,000 shares or total expenses capped at ISK 350,000,000. This program is set to continue until the company reaches its monetary or volume limits, but no later than December 31, 2025.
Pursuing Long-Term Value
Before these transactions, Kaldalón hf. possessed 6,666,026 shares. This consistent buying strategy is not just about increasing treasury stock; it reflects an underlying belief in the company’s value and prospects. Holding an estimated 0.66% of its total issued share capital signifies Kaldalón hf.'s confidence in its future growth.
Compliant Practices Underlying the Program
The share buyback initiatives are conducted in compliance with the Icelandic Companies Act and European regulations regarding market conduct and abuse. This commitment to ethical practices ensures that all actions taken are aligned with legal standards to protect the interests of investors.
Contact Information for Inquiries
For more insights into Kaldalón hf. and its operations, shareholders and interested parties can reach out directly to the company's CEO, Jón Þór Gunnarsson, at jon.gunnarsson@kaldalon.is.
Frequently Asked Questions
What is Kaldalón hf.'s recent share buyback amount?
Kaldalón hf. recently repurchased shares totaling ISK 12,700,000.
How many shares has Kaldalón hf. bought back in total?
To date, Kaldalón hf. has bought back a total of 7,166,026 shares.
What is the duration of Kaldalón hf.'s buyback program?
The buyback program will continue until December 31, 2025, or until the share volume or monetary limits are reached.
Who can I contact for more information about Kaldalón hf.?
For more details, you can contact Jón Þór Gunnarsson, CEO, at jon.gunnarsson@kaldalon.is.
What percentage of shares does Kaldalón hf. hold after the buybacks?
After the recent buybacks, Kaldalón hf. now holds about 0.66% of its total issued share capital.
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