Skeljungur hf.: Transactions in relation to a share buy-back program
In week 12. and 13. 2020, Skeljungur purchased 7.000.000 of its own shares, at purchase price of ISK 52,850,000. See further details below:
|Date||Time||No. of shares bought||Share price (rate)||Purchase price (ISK)|
The trade is in accordance with Skeljungur’s share buy-back program, announced to Nasdaq Iceland on
Skeljungur purchased in week 12 and 13 a total of 7.000.000 own shares. The purchase price for the bought shares is total ISK 52,850,000 which corresponds to 21,14% of the maximum amount that will be purchased for.
Skeljungur now owns a total of 7.000.000 shares or 0,35% 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, firstname.lastname@example.org
Skeljungur is an energy company with operations in
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