SKEL Skeljungur hf.

Skeljungur hf.: Transactions in relation to a share buy-back program

Skeljungur hf.: Transactions in relation to a share buy-back program

In week 41. and 42. 2020, Skeljungur purchased 6,000,000 of its own shares, at purchase price of ISK 47,820,000. See further details below:

DateTimeNo. of shares boughtShare price (rate)Purchase price (ISK)
9.10.202009:33                        1.500.0008,0                          12.000.000    
12.10.202009:39                        1.500.0008,0                          12.000.000    
13.10.202009:39                            1.500.0007,94                          11.910.000    
14.10.202009:31                        1.500.0007,94                        11.910.000    
 



Total		                         6.000.000                         47.820.000    

The trade is in accordance with Skeljungur’s share buy-back program, announced to Nasdaq Iceland on October 8th, 2020. The main purpose of the program is to reduce the issued share capital of the company.

Skeljungur purchased in week 41. and 42. a total of 6,000,000 own shares. The purchase price for the bought shares is total ISK 47,820,000 which corresponds to 19,13% of the maximum amount that will be purchased for. Before the share buy-back program began Skeljungur owned 24,820,946 of own shares or the equivalent of 1,25% of the issued share capital.

Skeljungur now owns a total of 30.820.946 shares or 1,55% of the Company’s share capital.

According to the buy-back program the maximum purchase price may not exceed ISK 250.000.000, provided that Skeljungur and its subsidiaries shall only hold a maximum of 10% of the company´s shares. The share buy-back program will remain in effect until the Annual General Meeting in 2021, unless the conditions for maximum purchase are met before that time. The execution of the share buy-back program is in accordance with the Public Limited Company Act No. 2/1995 and Regulation on Insider Information and Market Manipulation No. 630/2005.

For further information please contact Ólafur Þór Jóhannesson, CFO,

EN
15/10/2020

Underlying

SKELSkeljungur hf.

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Skeljungur hf.

 PRESS RELEASE
Free
SKEL SKELJUNGUR HF.

SKEL fjárfestingafélag hf.: Underwriting of subscription for new share...

SKEL fjárfestingafélag hf.: Underwriting of subscription for new share capital in the Orkan and Samkaup group Reference is made to the press release dated 3 June 2025, which stated that certain conditions under the purchase agreement had been fulfilled regarding the acquisition by Orkan IS ehf. (“Orkan”) of all shares held by Kaupfélag Suðurnesja (“KSK”) in Samkaup, with a nominal value of ISK 221,386,719, corresponding to 51.3% of the share capital in Samkaup. The announcement also stated that Orkan had signed purchase agreements with other shareholders of Samkaup for the acquisition of a...

June 16, 2025 1 EN
 PRESS RELEASE
Free
SKEL SKELJUNGUR HF.

SKEL fjárfestingafélag hf.: Sölutrygging vegna áskriftar að nýju hluta...

SKEL fjárfestingafélag hf.: Sölutrygging vegna áskriftar að nýju hlutafé í samstæðu Orkunnar og Samkaupa Vísað er til fréttatilkynningar dags. 3. júní 2025, þar sem fram kom að tiltekin skilyrði samkvæmt kaupsamningi hefðu verið uppfyllt vegna kaupa Orkunnar IS ehf. („Orkan“), á öllum hlutum Kaupfélags Suðurnesja („KSK“) í Samkaupum, að nafnvirði 221.386.719 kr. eða því sem nemur 51,3% hlutafjár Samkaupa. Í tilkynningunni kom m.a. fram að Orkan hefði undirritað kaupsamninga við aðra hluthafa Samkaupa um kaup á öllum hlutum þeirra í félaginu á sömu kjörum og viðskiptin við KSK fara fram á....

June 16, 2025 1 EN
 PRESS RELEASE
Free
SKEL SKELJUNGUR HF.

SKEL fjárfestingafélag hf.: SKEL sells 15.4% equity stake in Styrkás f...

SKEL fjárfestingafélag hf.: SKEL sells 15.4% equity stake in Styrkás for ISK 3.15 billion to institutional investors SKEL has signed purchase agreements with a group of domestic institutional investors for their acquisition of 153.9 million shares in Styrkás hf., representing just over 15.4% of the company’s issued share capital. The total purchase price of the shares is ISK 3,150 million, equivalent to ISK 20.47 per share. The sale price is equal to the book value of SKEL’s stake in Styrkás as of December 31, 2024. The purchase agreements are subject to customary conditions, which are expe...

June 6, 2025 1 EN
 PRESS RELEASE
Free
SKEL SKELJUNGUR HF.

SKEL fjárfestingafélag hf.: SKEL selur 15,4% hlutafjár í Styrkás fyrir...

SKEL fjárfestingafélag hf.: SKEL selur 15,4% hlutafjár í Styrkás fyrir 3.150 milljónir króna til stofnanafjárfesta SKEL hefur undirritað kaupsamninga gagnvart innlendum stofnanafjárfestum um kaup þeirra á 153,9 milljónum hluta í Styrkási hf., eða því sem nemur ríflega 15,4% af útgefnu hlutafé félagsins. Kaupverð hlutanna er samtals er 3.150 m.kr. en það samsvarar 20,47 kr. á hlut. Söluverðið jafngildir bókfærðu virði eignarhlutar SKEL í Styrkás þann 31.12.2024. Kaupsamningarnir eru háðir hefðbundnum fyrirvörum sem gert er ráð fyrir að verði frágengnir í næstu viku.  Styrkás er þjónustufyr...

June 6, 2025 1 EN
 PRESS RELEASE
Free
SKEL SKELJUNGUR HF.

SKEL fjárfestingafélag hf.: Orkan signs share purchase agreement with ...

SKEL fjárfestingafélag hf.: Orkan signs share purchase agreement with over 90% of shareholders in Samkaup Reference is made to the announcement dated 22 May 2025, stating that a share purchase agreement had been signed between Orkan IS ehf. ("Orkan"), as buyer, and Kaupfélag Suðurnesja ("KSK"), as seller, for all shares held by the seller in Samkaup, with a nominal value of ISK 221,386,719, representing 51.3% of Samkaup’s share capital. The purchase price for the shares totals ISK 2,878 million, based on a total equity value of Samkaup of ISK 5,610 million, corresponding to ISK 13 per issue...

June 3, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch