Kaldalón hf. Announces Recent Share Buyback Activity Details
Kaldalón hf. Share Buyback Program Insights
Recently, Kaldalón hf. engaged in the purchase of its own shares, reflecting its ongoing strategy to enhance shareholder value. In a notable transaction during a particular week, the Company acquired 7,286 shares at a total cost of ISK 174,864. This move highlights the effectiveness of the buyback program that was set forth by Kaldalón hf.
Details of the Recent Transaction
The specifics of the recent share buyback illustrate the Company's commitment to managing its capital effectively. The shares were bought on a specific date and time, reflecting a well-timed decision to reinforce market confidence. The purchase price for the shares stood at ISK 24.00, showcasing a strategic evaluation of market conditions and the Company's stock valuations. After this transaction, Kaldalón hf. now holds a total of 13,877,136 treasury shares, which represents about 1.28% of its total issued share capital.
Overview of the Buyback Program
Kaldalón hf.'s share buyback program was officially announced earlier and allows the Company to repurchase shares with a maximum limit of ISK 350,000,000, without exceeding 15,000,000 shares. This program commenced in July and is set to conclude no later than December, barring the achievement of set thresholds, emphasizing Kaldalón hf.'s strategic approach to capital management.
Impact on Company's Financial Health
The decision to execute buybacks is often viewed positively in the financial markets, as it can signal confidence in the Company's future. Prior to the recent buybacks, Kaldalón hf. had already acquired a total of 13,869,850 shares. These repurchases not only enhance earnings per share but also signify a return of capital to shareholders, reinforcing trust and stability within the organization.
Compliance and Regulations
These transactions were conducted in accordance with the Icelandic Companies Act and pertinent EU regulations concerning market behavior. The adherence to such regulations ensures transparency and legality in the repurchase of shares, which investors appreciate as it protects their interests as shareholders.
Contact Information
For further inquiries or more information regarding the buyback program, stakeholders are encouraged to reach out to Jón Þór Gunnarsson, the CEO of Kaldalón hf. His contact email is jon.gunnarsson@kaldalon.is.
Frequently Asked Questions
What is the share buyback program of Kaldalón hf?
The share buyback program allows Kaldalón hf. to repurchase its own shares to increase shareholder value and improve stock performance.
How many shares has Kaldalón hf. purchased to date?
Kaldalón hf. has purchased a total of 13,877,136 shares under the buyback program.
What was the price at which the shares were bought back?
The recent shares were purchased at a price of ISK 24.00 each.
What percentage of shares is Kaldalón hf. now holding?
After the recent purchases, Kaldalón hf. holds 1.28% of its total issued share capital in treasury shares.
Who can I contact for more information about Kaldalón hf.?
For more details, you can contact Jón Þór Gunnarsson, the CEO, at his email: jon.gunnarsson@kaldalon.is.
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