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Eimskip: Transaction in relation to a share buy-back program – repurchase is completed

In week 31 2019 Eimskip purchased 48,888 of its own shares, at a purchase price of ISK 8,726,508 as further stipulated below:

Date Time No. of shares Share price (rate) Purchase price (ISK)
29.7.2019 14:24:13 48,888 178,50 8,726,508
Total    48,888    8,726,508 

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

The repurchase according to the share buy-back program is completed.

Eimskip held 2,989,191 own shares prior to the notified transactions, or the equivalent of 1,60% of issued shares in the company, and holds 3,038,079 after them, or the equivalent of 1,62% of issued shares in the company.

In week 31 Eimskip purchased a total of 48,888 company‘s own shares. The total purchase price amounted to ISK 8,726,508 which corresponds to 1.75% of the maximum market value amount according to the buy-back program. Eimskip bought a total of 2,677,309 shares in the company amounting to ISK 499,998,342 market value during the buy-back program.

Buy-back under the program would amount to a maximum of 3,000,000 shares and the market value amount would not exceed ISK 500,000,000.

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, head of Marketing & Communication via phone (+354) 825-3399 or investors@eimskip.is