Vátryggingafélag Íslands hf. commences an Equity Buyback Plan for 10% of its issued share capital, under the authorization approved on March 19, 2021.

Vátryggingafélag Íslands hf. (ICSE:VIS) commences a share repurchases on May 17, 2021, under the program mandated by the shareholders in the Annual General Meeting held on March 19, 2021. As per the mandate, the company is authorized to repurchase up to 10% of its share capital. The price paid for repurchased shares shall not exceed the price paid in the most recent independent transaction or the highest independent quoted price on the Iceland Stock Exchange, whichever is higher. The program is aimed at reducing share capital is subject to the approval of the Icelandic Financial Supervisory Authority. The authorization will be valid over the next 12 months.