Kaldalón hf. Shares Buyback Program Developments
Recent Developments in Kaldalón hf.’s Share Buyback Program
In a recent update, Kaldalón hf. has made significant advancements in their share buyback obligations. Their commitment to enhancing shareholder value is clear as they purchased 336,000 of their own shares for an overall amount of ISK 7,944,000 during week 36 of 2025.
Details of the Transactions
The specifics of these transactions provide valuable insights for investors. On September 1, 2025, Kaldalón hf. bought 300,000 shares at a price of ISK 23.6 each, summing up to ISK 7,080,000. Shortly after, on September 4, 2025, they acquired an additional 36,000 shares for ISK 24.0 each, which amounted to ISK 864,000. Altogether, the purchases indicate active management and a strategic approach to share repurchasing.
Regulatory Framework
These share buybacks are conducted in line with a program initially announced on June 30, 2025, which complies with regulations outlined by respective authorities. Kaldalón hf. sets a ceiling on the volume of shares they may purchase, with a limit of 15,000,000 shares and a maximum total expenditure of ISK 350,000,000 under the buyback program. This structured approach ensures that the company's operations remain within legal boundaries while effectively managing capital.
Understanding Shareholder Impact
Before these transactions, Kaldalón hf. held 11,519,837 of its own shares. Following the latest purchases, the total ownership increased to 11,855,837 treasury shares. This total represents 1.09% of the company's overall issued share capital, emphasizing the company's priority in managing its shareholder base effectively. The share buyback program aims not only to stabilize share prices but also to provide additional value to existing shareholders.
Ongoing Buyback Goals
To date, Kaldalón hf.’s total repurchase under the outlined program stands at 11,855,837 shares, translating into a significant overall purchase price of ISK 292,852,532. The program is expected to remain active until the maximum thresholds are reached or until December 31, 2025, whichever occurs first. This initiative signals to shareholders that Kaldalón hf. remains committed to fostering a stable and rewarding investment environment.
Legal Compliance and Market Standing
The buyback initiative is meticulously crafted to adhere to the Icelandic Companies Act No. 2/1995, and relevant EU regulations on market abuse. By aligning with these laws, Kaldalón hf. reinforces its intention to maintain full transparency and credibility within the market. This careful compliance is essential in cultivating a trustworthy relationship with investors.
Frequently Asked Questions
What is Kaldalón hf. doing with its share buyback program?
Kaldalón hf. aims to repurchase up to 15 million shares as part of a strategic initiative to enhance shareholder value and maintain capital management.
How many shares has Kaldalón hf. repurchased so far?
To date, the company has purchased a total of 11,855,837 shares under its buyback program.
What is the financial limit for Kaldalón hf.'s buyback?
The company has established a spending cap of ISK 350,000,000 for the share buyback program.
How significant is Kaldalón hf.’s treasury shareholding?
The acquired shares represent approximately 1.09% of the company's total issued share capital.
When will Kaldalón hf.'s buyback program conclude?
The program will continue until the maximum thresholds are met or by December 31, 2025, whichever occurs first.
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