ISS A/S Expands Treasury Share Holdings Above 5% Mark
ISS A/S Expands Treasury Share Holdings
Company Announcement
As of September 26, ISS A/S has officially reported holding 5.03% of its share capital and voting rights, in accordance with the regulations outlined in the Danish Capital Markets Act, section 31. This development comes as a result of the company’s ongoing share buy-back program, which has successfully increased its treasury shares beyond the 5% threshold.
The primary aim of this share buy-back initiative is two-fold. Firstly, it seeks to redistribute excess cash to the company’s shareholders, ensuring that they benefit from the company’s financial strength. Secondly, ISS plans to utilize these treasury shares to fulfill its obligations associated with share-based incentive programs for its employees.
Why Share Buy-Backs Matter
The decision to conduct a share buy-back is strategic; it reflects a confidence in the company's financial health and prospects. By reducing the number of shares in circulation, each remaining share represents a larger ownership stake in the company, which can potentially lead to an increase in share value. This approach not only rewards shareholders but also aligns the interests of employees and management, creating a cohesive strategy for sustainable growth.
About ISS A/S
ISS A/S stands as a prominent global leader in providing workplace and facility service solutions. The company collaborates with clients to enhance employee engagement and well-being while effectively minimizing environmental impacts and safeguarding properties. Operating in various sectors, ISS delivers superior service through a compelling blend of data insights and service excellence across offices, industrial sites, airports, hospitals, and multiple other venues worldwide.
With a workforce exceeding 325,000 employees, referred to as “placemakers,” ISS is deeply committed to transforming workplaces for the better. In the latest financial reports, the Group revealed a remarkable revenue of DKK 83.7 billion, highlighting its robust market positioning and operational success.
Investor and Media Inquiries
For investor inquiries:
Michael Vitfell-Rasmussen, Head of Group Investor Relations, +45 53 53 87 25
Anne Sophie Riis, Senior Investor Relations Manager, +45 30 52 94 68
For media inquiries:
Charlotte Holm, Head of External Communication, +45 41 76 19 89
Frequently Asked Questions
What is the significance of the 5% treasury share threshold?
Exceeding the 5% threshold in treasury shares indicates a substantial commitment by ISS A/S to return value to its shareholders, reflecting confidence in its ongoing business strategy.
How does the share buy-back program benefit shareholders?
The buy-back program redistributes cash directly to shareholders while also potentially increasing share value by reducing the overall number of outstanding shares.
Who can I contact for more information about ISS A/S?
For investor inquiries, you can reach out to Michael Vitfell-Rasmussen or Anne Sophie Riis. For media inquiries, Charlotte Holm is the point of contact.
What services does ISS A/S provide?
ISS A/S offers a wide array of workplace and facility services, focusing on enhancing environment and employee engagement across various sectors such as offices, hospitals, and airports.
How many employees does ISS A/S have?
ISS A/S employs over 325,000 individuals globally, who are crucial to the company's mission of improving workplaces.
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