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

Eimskipafelag Islands hf.
Eimskipafelag Islands hf.

In week 38 2022 Eimskip purchased 249,003 of its own shares, at a purchase price of ISK 131,481,285 as further stipulated below:

Date

Time

No. of shares

Share price

Purchase price

19.9.2022

13:07:20

25,000

560

14,000,000

19.9.2022

12:59:43

40,000

560

22,400,000

20.9.2022

13:43:02

25,000

540

13,500,000

20.9.2022

12:08:01

40,000

545

21,800,000

21.9.2022

12:35:06

2,000

515

1,030,000

21.9.2022

13:51:04

1,000

515

515,000

21.9.2022

14:34:59

2,000

515

1,030,000

21.9.2022

15:29:35

319

515

164,285

22.9.2022

14:17:28

25,000

500

12,500,000

22.9.2022

14:20:00

40,000

500

20,000,000

23.9.2022

13:29:51

8,684

500

4,342,000

23.9.2022

15:24:15

40,000

505

20,200,000

Total

 

249,003

 

131,481,285

The trade is in accordance with Eimskip‘s buy-back program as published on Nasdaq Iceland on 18 August 2022.

Eimskip held 2,666,935 own shares prior to the notified transactions, and holds 2,915,935 after them, or the equivalent of 1.69% of issued shares in the company.

Under current buy-back program Eimskip has purchased a total of 1,154,631 shares in the company, corresponding to 67.92%% of the maximum amount of shares to be purchased under this program. Total purchase price is ISK 661,118,765 corresponding to 66,11% of the maximum ISK amount of the buy-back program.

Buy-back under the program will amount to a maximum of 1,700,000 shares and the market value amount will not exceed ISK 1,000,000,000. The buy-back program is in effect for 18 months post the Annual General Meeting held 17 March 2022, unless the conditions for maximum purchase are met before that time.

The execution of the buy-back program must comply with Act on Public Limited Companies, No. 2/1995. In addition, the buy-back program must be implemented as provided for in the Regulation of the European Parliament and of the Council no. 596/2014, on market abuse, as well as the Commission Delegated Regulation (EU) 2016/1052 on regulatory technical standards for the conditions applicable to buy-back programs and stabilization measures, which supplements that Regulation.

For further information please contact Edda Rut Björnsdóttir, Executive Vice President of Human Resources & Communications, tel: +354 825-3399, or email: investors@eimskip.is.