Source: Eimskipafelag Islands hf.

Eimskip: Transaction in relation to a share buy-back program

In week 24 2019 Eimskip purchased 405,365 of its own shares, at a purchase price of ISK 76,609,236 as further stipulated below:

DateTimeNo. of sharesShare price (rate)Purchase price (ISK)
11.6.201912:32:14  89,628 186.5  16,715,622 
12.6.201911:14:57  98,630 190.75  18,813,673 
13.6.201909:33:38  105,530 190.5  20,103,465 
14.6.201915:20:21  111,577 188  20,976,476 
Total   405,365     76,609,236 

The trade is in accordance with Eimskip‘s buy-back program as published on Nasdaq Iceland on 10 June 2019.

Eimskip held 360,770 own shares prior to the notified transaction, or the equivalent of 0.19% of issued shares in the company, and holds 766,135 after them, or the equivalent of 0,41% of issued shares in the company.

In week 24 Eimskip purchased a total of 405,365 company‘s own shares. The total purchase price amounted to ISK 76,609,236 which corresponds to 15.3% of the maximum market value amount according to the buy-back program.

Buyback under the program will amount to a maximum of 3,000,000 shares and the market value amount will not exceed ISK 500,000,000. The buy-back program is in effect until 24 January 2020, unless the conditions for maximum purchase are met before that time.

The buyback program was executed in accordance with Chapter VIII. of Act No. 2/1995 on Public Limited Companies and Chapter II of the Annex to Regulation No. 630/2005 on Inside Information and Market Abuse, “Trade in own shares under buy-back programmes and the stabilisation of financial instruments.”

For further information please contact Edda Rut Björnsdóttir via phone (+354) 825-3399 or investors@eimskip.is