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

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

 In week 51 2023 Eimskip purchased 165,000 of its own shares, at a purchase price of ISK 77,583,000 as further stipulated below:

Date	Time	No. of shares	Share price	Purchase price
18.12.2023	11:32	33,000	452.00	14,916,000
19.12.2023	10:14	33,000	468.50	15,460,500
20.12.2023	11:04	33,000	468.50	15,460,500
21.12.2023	13:52	33,000	480.00	15,840,000
22.12.2023	9:48	33,000	482.00	15,906,000
Total		165,000		77,583,000

The trade is in accordance with Eimskip‘s buy-back program as published on Nasdaq Iceland on 10 October 2023.

Eimskip held 3,276,320 shares prior to the notified transactions, and holds 3,441,320 after them, or the equivalent of 2.05% of issued shares in the company.

Under current buy-back program Eimskip has purchased a total of 1,716,000 shares in the company, corresponding to 79.81% of the maximum amount of shares to be purchased under this program. Total purchase price is ISK 788,221,500 corresponding to 78.82% of the maximum ISK amount of the buy-back program.

Buy-back under the program will amount to a maximum of 2,150,000 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 9 March 2023, unless the conditions for maximum purchase are met before that time.

The execution of the buy-back program is according to 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 Guðbjörg Birna Björnsdóttir, Head of Treasury and Investor Relations, tel: [phone], email:  [e-mail]