Skeljungur hf. (ICSE:SKEL) commences share repurchases on July 13, 2023, under the program mandated by the shareholders in the Annual General Meeting held on March 9, 2023. As per the mandate, the company is authorized to repurchase its own shares such that company and its subsidiaries does not hold more than 10% of its issued shares in treasury.

On July 12, 2023, the company initiated a Market Repurchase. Under the plan the company will repurchase 18,518,518 shares, representing 0.956% of its issued share capital not exceeding ISK 250 million. The program will start on July 13, 2023 and remain in force until December 31, 2023 unless the conditions on the maximum amount will be met before that time.