Heimar hf.: Regular Notification of Share Buybacks in Accordance with the Buyback Program – End of Buyback
20 November 2024 - 4:32PM
UK Regulatory
Heimar hf.: Regular Notification of Share Buybacks in Accordance
with the Buyback Program – End of Buyback
The buyback under the buyback program,
which was announced on October 16 2024, has now been
completed.
In week 47, Heimar hf. (“Heimar” or "the
Company") purchased 133,333 own shares at a total purchase price of
4,599,989 ISK, as follows:
Date |
Time |
Shares Purchased |
Transaction Price (Rate) |
Purchase Price (ISK) |
20.11.2024 |
12:38 |
133,333 |
34.5 |
4,599,989 |
Total |
|
133,333 |
34.5 |
4,599,989 |
|
|
|
|
|
|
|
The transactions are in accordance with Heimar’s
buyback program, which was announced on October 16, 2024. According
to the program, the buybacks will amount to a maximum of ISK
500,000,000 in total, and the program will remain in effect until
that limit is reached, but no later than the company’s 2025 Annual
General Meeting. The buyback under Heimar‘s buyback program has now
been completed.
Heimar owned 31,312,500 shares prior to the
above transaction, and following these purchases, now holds
31,445,833 shares, or approximately 1.74% of the company’s issued
shares, with a total purchase price of ISK 999,999,989.
The execution of the buyback program will comply
with the Icelandic Public Limited Companies Act, No. 2/1995,
Article 5 of the European Parliament and Council Regulation (EU)
No. 596/2014 on Market Abuse, as referred to in the Icelandic Act
on Measures Against Market Abuse, No. 60/2021, as well as the
European Commission's delegated regulation No. 2016/1052/EU, which
contains technical terms related to buyback programs.
For further information, please contact:
Björn Eyþór Benediktsson – Chief Financial Officer –
eythorb@heimar.is
Heimar Hf (LSE:0Q8S)
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