In week 41. and 42. 2020, Skeljungur purchased 6,000,000 of its own shares, at purchase price of ISK 47,820,000. See further details below:
Date | Time | No. of shares bought | Share price (rate) | Purchase price (ISK) |
09:33 | 1.500.000 | 8,0 | 12.000.000 | |
09:39 | 1.500.000 | 8,0 | 12.000.000 | |
09:39 | 1.500.000 | 7,94 | 11.910.000 | |
09:31 | 1.500.000 | 7,94 | 11.910.000 | |
Total | 6.000.000 | 47.820.000 |
The trade is in accordance with Skeljungur’s share buy-back program, announced to Nasdaq Iceland on
Skeljungur purchased in week 41. and 42. a total of 6,000,000 own shares. The purchase price for the bought shares is total ISK 47,820,000 which corresponds to 19,13% of the maximum amount that will be purchased for. Before the share buy-back program began Skeljungur owned 24,820,946 of own shares or the equivalent of 1,25% of the issued share capital.
Skeljungur now owns a total of 30.820.946 shares or 1,55% of the Company’s share capital.
According to the buy-back program the maximum purchase price may not exceed ISK 250.000.000, provided that Skeljungur and its subsidiaries shall only hold a maximum of 10% of the company´s shares. The share buy-back program will remain in effect until the Annual General Meeting in 2021, unless the conditions for maximum purchase are met before that time. The execution of the share buy-back program is in accordance with the Public Limited Company Act No. 2/1995 and Regulation on Insider Information and Market Manipulation No. 630/2005.
For further information please contact Ólafur Þór Jóhannesson, CFO, fjarfestar@skeljungur.is
www.skeljungur.is
https://www.linkedin.com/company/skeljungur-hf/
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