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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:

Date

Time

No. of shares

Share price (rate)

Purchase price (ISK)

11.6.2019

12:32:14

89,628

186.5

16,715,622

12.6.2019

11:14:57

98,630

190.75

18,813,673

13.6.2019

09:33:38

105,530

190.5

20,103,465

14.6.2019

15:20:21

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