Transactions Related to ISS A/S Share Buyback Program
Company Announcement
Transactions in connection with share buyback programme
ISS A/S, a renowned workplace experience and facility management company, has implemented a significant share buyback program aimed at providing value to its shareholders. The company previously announced this initiative on February 22, 2024, under the guidance of the Market Abuse Regulation guidelines.
Objectives of the Share Buyback Program
Through this well-structured program, ISS A/S outlines its intent to redistribute excess cash to its shareholders, thereby strengthening investor confidence. The program serves dual purposes: firstly, to reduce share capital and secondly, to satisfy the obligations arising from the company's share-based incentive plans. By effectively managing its capital structure, ISS is poised to enhance its financial flexibility.
Details of the Share Buyback Initiative
The company has set forth a maximum repurchase amount of DKK 1.25 billion, which pertains to the buyback program scheduled from February 22, 2024, until February 19, 2025. A notable update includes the second tranche of the program, which allows for repurchases of up to DKK 750 million, commencing on August 13, 2024, and concluding by February 19, 2025.
Recent Transactions Under the Buyback Program
Recent transactions highlight the program's momentum, capturing the buying activity that has contributed to the accumulation of shares. Notable acquisitions include:
- On October 21, 2024, 23,000 shares were repurchased at an average price of DKK 138.39.
- On October 22, 2024, another purchase of 23,000 shares was executed at DKK 137.85.
- On October 23, 2024, the company bought an additional 24,000 shares at DKK 136.53.
- On October 24, 2024, 25,000 shares were acquired at DKK 136.25.
- Lastly, on October 25, 2024, the company completed another buyback transaction with 25,000 shares priced at DKK 134.91.
As a result of these transactions, ISS A/S now holds a total of 7,160,347 treasury shares, which represents approximately 3.86% of the total share capital.
Regulatory Compliance and Market Impact
This share buyback program is executed in compliance with the European Market Abuse Regulation standards, reflecting ISS A/S's commitment to regulatory integrity. Detailed information about each transaction conducted under this program is systematically documented, providing transparency to stakeholders.
Contact Information for Queries
For any inquiries related to investor relations, you can reach out to Michael Vitfell-Rasmussen, Head of Group Investor Relations, at +45 53 53 87 25. For media inquiries, contact Charlotte Holm, Head of External Communication, at +45 41 76 19 89.
About ISS A/S
ISS A/S is a prominent global provider of workplace and facility service solutions. The company partners with clients to enhance employee engagement, minimize environmental impact, and uphold property standards across various settings including offices, factories, and hospitals. Through a unique blend of data, insights, and service excellence, they strive to maintain the well-being of over 350,000 employees worldwide who are considered the company’s “placemakers.” In 2023, ISS reported a remarkable group revenue of DKK 78.7 billion, underscoring its robust position in the market.
Frequently Asked Questions
What is the purpose of the ISS A/S share buyback program?
The share buyback program is designed to redistribute excess cash to shareholders, reduce share capital, and meet obligations from share-based incentive programs.
How much is ISS A/S planning to repurchase under this program?
ISS A/S has a maximum repurchase amount of DKK 1.25 billion planned for the duration of the buyback program.
What percentage of shares does ISS A/S currently own?
Currently, ISS A/S holds a total of 7,160,347 treasury shares, representing about 3.86% of its total share capital.
When will the current share buyback program end?
The current program is set to conclude by February 19, 2025.
Who should I contact for more information regarding ISS A/S?
For investor inquiries, contact Michael Vitfell-Rasmussen at +45 53 53 87 25, and for media inquiries, reach out to Charlotte Holm at +45 41 76 19 89.
