SKEL fjárfestingafélag hf.: Buy-back Programme week 43

In week 43 2023, SKEL fjárfestingafélag hf. purchased in total 1,700,000 own shares for total amount of 19,848,750 ISK as follows:

Date Time Purchased shares Price Purchase price Total own shares
23.10.2023 12:47 575.000    11,70    6.727.500    44.991.802   
24.10.2023 15:13 575.000    11,70    6.727.500    45.566.802   
25.10.2023 14:30 275.000    11,60    3.190.000    45.841.802   
26.10.2023 10:04 275.000    11,65    3.203.750    46.116.802   
    1.700.000   19.848.750 46.116.802

The execution of the buy-back programme is in accordance with Chapter VIII of the Company Act No 2/1995, Article 5 of the Regulation of the European parliament and of the Council (EU) on Market Fraud No. 60/2021, the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021.

Before the purchase SKEL held 44,991,802 own shares. SKEL fjárfestingafélag hf. bought in total 1,700,000 own shares, which corresponds to 14.26% of maximum number of shares that will be purchased according to the current buy-back programme. The purchase price of the own shares is 350,053,575 or 70.01% of the maximum buy-back amount. SKEL now owns a total of 2.38% of the company's total share capital, which is 1,936,033,774. This announcement of purchase of own shares is in accordance with the buy-back programme announced 15 September 2023 to Nasdaq OMX Iceland.

For further information contact Magnús Ingi Einarsson, CFO of SKEL fjárfestingafélag hf., magnus@skel.is hf.

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