Brief: Eimskip Starts Share Buy-Back Program

Eimskipafelag Islands hf

11/06/2019 07:07

June 11 (Reuters) - Eimskipafelag Islands hf  EIMS.IC :
    * SAID ON MONDAY DECIDED TO INITIATE A SHARE BUY-BACK
PROGRAM
    * NUMBER OF SHARES TO BE ACQUIRED WILL BE UP TO 3 MILLION,
CA.
1.6% OF THE COMPANY'S ISSUED SHARE CAPITAL
    * TOTAL PURCHASE PRICE MAY NOT EXCEED ISK 0.5 BILLION AT
MARKET
VALUE
    * IT IS EXPECTED THAT THE BUY-BACK WILL START JUNE 11 AND
RUN
UNTIL JANUARY 24, 2020

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNEb9lw3Y
    
 Further company coverage:  EIMS.IC  
   


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