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

In week 4 2020 Eimskip purchased 276,740 of its own shares, at a purchase price of 51,439,048 as further stipulated below: Date Time No. of shares  Share price (rate) Purchase price (ISK)20.1.202009:44:06  69,185  187.5  12,972,188  21.1.202009:50:21  69,185  186  12,868,410  22.1.202009:32:09  69,185  185  12,799,225  23.1.202009:40:59  69,185  185  12,799,225  Total  ...

Reykjavik, 24/01/2020 (informazione.news - comunicati stampa - trasporti)

In week 4 2020 Eimskip purchased 276,740 of its own shares, at a purchase price of 51,439,048 as further stipulated below:

The trade is in accordance with Eimskip's buy-back program as published on Nasdaq Iceland on 1 December 2019.

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

Eimskip held 4,951,804 own shares prior to the notified transactions, or the equivalent of 2.65% of issued shares in the company, and holds 5,228,544 after them, or the equivalent of 2.80% of issued shares in the company.

In week 4 Eimskip purchased a total of 276,740 company's own shares. The total purchase price amounted to ISK 51,439,048 which corresponds to 10.29% of the maximum market value amount according to the buy-back program.

Buy-back under the program would amount to a maximum of 3,125,000 shares and the market value amount will 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.”