Brief: Eimskip Initiates Share Buy-Back Program

Eimskipafelag Islands hf

02/12/2019 08:36

Dec 2 (Reuters) - Eimskipafelag Islands  EIMS.IC :
    * INITIATES SHARE BUY-BACK PROGRAM
    * NUMBER OF SHARES TO BE ACQUIRED WILL BE UP TO 3.1 MLN
WHICH
AMOUNTS TO CA. 1.6% OF ISSUED SHARE CAPITAL OF THE CO
    * TOTAL PURCHASE PRICE MAY NOT EXCEED ISK 500 MLN AT MARKET
VALUE
    * IT IS EXPECTED THAT THE BUY-BACK ACCORDING TO THE PROGRAM
WILL
START MONDAY, DEC 2 AND WILL REMAIN UNTIL JAN 24, 2020
    * CO'S TREASURY SHARES ARE 3.0 MLN TODAY

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE8mj74c
    
 Further company coverage:  EIMS.IC  
   


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