Overview of ISS A/S Share Buyback Transactions and Impact

Understanding the Share Buyback Programme of ISS A/S

Company Announcement

ISS A/S, a prominent name in the realm of workplace experience and facility management, has recently commenced its share buyback programme, as announced earlier this year. This strategic move is part of their effort to return excess cash to shareholders while fulfilling obligations from their share-based incentive initiatives.

What is the Purpose of the Share Buyback Programme?

The primary goals of ISS A/S's share buyback programme include the reduction of share capital and the execution of commitments associated with their employee incentive schemes. By repurchasing shares, ISS A/S aims to enhance shareholder value, thereby demonstrating its robust financial standing and commitment to its investors.

Details of the Share Buyback Transactions

The share buyback programme is set to operate until February 19, 2025, with planned purchases amounting to a maximum of DKK 1.5 billion. Recently, the second tranche began, allowing an additional repurchase of shares up to DKK 1 billion, further solidifying ISS’s intention to optimize capital structure and provide a solid return to its stakeholders.

As of now, ISS A/S has executed multiple transactions under this initiative:

Transaction Summary and Insights

Here’s an overview of transactions documented through the programme:

• Accumulated Shares (previously announced): 6,161,248 shares purchased at an average price of DKK 127.23, totaling DKK 783,921,041.
• Recent Transactions:
• On November 11, 2024, 55,000 shares were acquired at DKK 136.50, valued at DKK 7,507,500.
• On November 12, 2024, another 55,000 shares were bought at DKK 135.38, totaling DKK 7,445,900.
• Subsequent daily purchases included 53,000 shares on November 13 and 56,000 shares on November 14, at prices averaging DKK 133.81 and DKK 133.54 respectively.
• As of the latest report, the total number of shares repurchased has reached 6,436,248 at an overall average price of DKK 127.55.

Current Share Ownership and Future Perspectives

Following the latest transactions, ISS A/S currently holds a total of 7,844,347 treasury shares, which constitutes approximately 4.22% of its total share capital. This share repurchase program not only showcases ISS’s commitment to boosting shareholder value but also reinforces its adaptability in the competitive landscape.

Conclusion and Expectations for Investors

The ongoing buyback programme serves as a clear indication of ISS A/S's dedication to financial prudence and enhancing investor confidence. By actively engaging in share repurchase initiatives, ISS aims to foster a positive investor sentiment while also managing its capital structure effectively.

Frequently Asked Questions

What is the share buyback programme initiated by ISS A/S?

The share buyback programme allows ISS A/S to repurchase shares, with aims to reduce share capital and meet share-based incentive obligations.

How much has been allocated for the buyback programme?

ISS A/S has allocated a maximum consideration of DKK 1.5 billion for share repurchases.

What impact does the buyback have on shareholders?

The buyback programme aims to enhance shareholder value by returning excess cash and improving the company's capital structure.

How many shares has ISS A/S repurchased to date?

As of the latest announcement, ISS A/S has repurchased a total of 6,436,248 shares under the programme.

Who can investors contact for more information?

Investors can reach out to Michael Vitfell-Rasmussen, the Head of Group Investor Relations at ISS A/S, directly for any enquiries.

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