Sýn hf. commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on March 19, 2021.

Sýn hf. (ICSE:SYN) commences share repurchases on January 12, 2022, under the program mandated by the shareholders in the Annual General Meeting held on March 19, 2021. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The program will continue for 18 months.

On January 12, 2022, the company announced a share repurchase program. Under the program, the company will repurchase up to 8,500,000 shares, representing 9.9% of issued share capital for ISK 600 million worth of its shares. The program will expire on March 3, 2022.