Brief: Skeljungur Initiates Share Buy-Back Program

Skel fjarfestingafelag hf

18/03/2020 11:26

March 18 (Reuters) - Skeljungur Ltd  SKEL.IC :
    * REG-SKELJUNGUR HF.: SHARE BUY-BACK PROGRAM INITIATED
    * DECIDED TO INITIATE A SHARE BUY-BACK PROGRAM IN ACCORDANCE
WITH
EXISTING AUTHORIZATION
    * IT IS PLANNED TO BUY UP TO 24,820,946 OF COMPANY'S OWN
SHARES,
WHICH CORRESPONDS TO 1.25% OF ISSUED SHARE CAPITAL, ALTHOUGH
AMOUNT OF REPURCHASES SHALL NOT EXCEED ISK 250.000.000
    * PURCHASES UNDER PROGRAM IS EXPECTED TO BEGIN ON MARCH 19,
2020
AND PROGRAM WILL REMAIN IN EFFECT UNTIL COMPANY'S AGM 2021,
UNLESS CONDITIONS FOR MAXIMUM PURCHASES ARE MET BEFORE THAT TIME

Source text for Eikon:  ID:nGNEcD99B 
Further company coverage:  SKEL.IC 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))