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

In week 27 2019 Eimskip purchased 464,422 of its own shares, at a purchase price of ISK 86,856,440 as further stipulated below:

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

Eimskip held 1,802,449 own shares prior to the notified transactions, or the equivalent of 0,96% of issued shares in the company, and holds 2,266,871 after them, or the equivalent of 1,21% of issued shares in the company.

In week 27 Eimskip purchased a total of 464,422 company‘s own shares. The total purchase price amounted to ISK 86,856,440 which corresponds to 17% of the maximum market value amount according to the buy-back program. Eimskip has bought a total of 1,906,101 shares in the company amounting to ISK 361,606,729 market value in the buy-back program.

Buy-back under the program will amount to a maximum of 3,000,000 shares and the market value amount will not exceed ISK 500,000,000. The buy-back program is in effect until 24 January 2020, unless the conditions for maximum purchase are met before that time.

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