SKEL Skeljungur hf.

SKEL fjárfestingafélag hf.: Buy-back Program

SKEL fjárfestingafélag hf.: Buy-back Program

The Annual General Meeting of SKEL fjárfestingafélag hf. held 9 March 2023 authorized the Board of Directors, pursuant to Article 55 of the Company Act No 2/1995, to purchase upto 10% of the company‘s shares on its behalf. The purpose of the program is to decrease the number of issued shares.

The Board of Directors of SKEL has on the basis of the mandate issued by the Annual General Meeting adopted a decision on the execution of a buy-back program. The aim is to buy back own shares for the maximum amount of 18.518.518 shares or 0.956% of issued shares, the total amount of the buy-back however not exceeding 250,000,000 ISK in total purchase price.

The buy-back will be executed in stages, with the maximum amount of shares equivalent to 25% of the average daily trade in the company‘s shares on Nasdaq OMX Iceland for the previous 20 business days. The share price shall not exceed the highest price in the last independent trade or highest existing bid in the Nasdaq OMX Iceland trading venue, which ever is higher.

The buy-back program will start on Thursday 13 July 2023 and remain in force until 31 December 2023 unless the conditions on the maximum amount will be met before that time.

Kvika banki hf. are managing the buy-back program and independently adopt all decisions on the timing of the purchase of shares.

The buy-back program will be executed in accordance with the Company Act No 2/1995 and the annex to the Regulation on insider information and market abuse No 630/1995. Notices on trading in own shares will be published no later than at the end of the seventh trading day following the purchase of shares.

For further information contact Magnús Ingi Einarsson, CFO of SKEL fjárfestingafélag hf., .



EN
12/07/2023

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.: Allocation of stock options

SKEL fjárfestingafélag hf.: Allocation of stock options The Board of Directors of SKEL has decided to grant certain employees of the company stock options for up to 3,591,141 shares in the company. The stock option agreements are granted with the purpose of aligning the long-term interests of the company and its employees. The terms of the stock option agreements are in accordance with the stock option plan and the remuneration policy approved at the company’s Annual General Meeting on 7 March 2024, where the shareholders authorized the Board to allocate stock options to employees of the c...

December 19, 2025 1 EN
 PRESS RELEASE
Free
SKEL SKELJUNGUR HF.

SKEL fjárfestingafélag hf.: Úthlutun kauprétta

SKEL fjárfestingafélag hf.: Úthlutun kauprétta Stjórn SKEL hefur ákveðið að veita tilteknum starfsmönnum félagsins kauprétti að allt að 3.591.141 hlutum í félaginu. Kaupréttarsamningarnir eru veittir í því skyni að samtvinna hagsmuni félagsins og starfsmanna til lengri tíma. Skilmálar kaupréttarsamninganna eru í samræmi við kaupréttaráætlun og starfskjarastefnu sem samþykkt var á aðalfundi félagsins þann 7. mars 2024, þar sem hluthafafundur samþykkti að veita stjórn heimild til að úthluta kaupréttum starfsmanna félagsins, annarra en þeirra lykilstjórnenda er fengu úthlutaða kauprétti á gru...

December 19, 2025 1 EN
 PRESS RELEASE
Free
SKEL SKELJUNGUR HF.

SKEL fjárfestingafélag hf.: The equity offering of Drangar hf. is comp...

SKEL fjárfestingafélag hf.: The equity offering of Drangar hf. is completed SKEL fjárfestingafélag hf. announced on 18 July 2025 that settlement regarding the purchase of share capital in Samkaup had been completed. Subsequently, Drangar hf., the parent company of Orkan, Lyfjaval and Samkaup, commenced operations. In recent weeks, the company has been presented to professional investors as an investment opportunity in connection with a share capital increase. Signed subscription commitments amounting to ISK 3.6 billion have been received, whereas the objective was to raise ISK 3 billion. A...

November 28, 2025 1 EN
 PRESS RELEASE
Free
SKEL SKELJUNGUR HF.

SKEL fjárfestingafélag hf.: Hlutafjárútboði Dranga hf. er lokið

SKEL fjárfestingafélag hf.: Hlutafjárútboði Dranga hf. er lokið SKEL fjárfestingafélag hf. tilkynnti 18. júlí 2025 að uppgjöri vegna kaupa á hlutafé í Samkaupum væri lokið. Í kjölfarið hófu Drangar hf., móðurfélag Orkunnar, Lyfjavals og Samkaupa, starfsemi. Undanfarnar vikur hefur félagið verið kynnt fagfjárfestum sem fjárfestingakostur vegna aukningar hlutafjár. Borist hafa undirrituð áskriftarloforð að fjárhæð 3,6 milljarða króna, en markmiðið var að safna 3 milljörðum króna. Samhliða nýtti Íslandsbanki hf. kauprétt sem bankinn hafði vegna sölutryggingar og SKEL rétt til skuldbreytingar ...

November 28, 2025 1 EN
 PRESS RELEASE
Free
SKEL SKELJUNGUR HF.

SKEL fjárfestingafélag hf.: Styrkás signs an agreement to acquire Hrei...

SKEL fjárfestingafélag hf.: Styrkás signs an agreement to acquire Hreinsitækni and HRT Þjónusta Styrkás hf., a company 45.7% owned by SKEL, has today signed an agreement to acquire all shares in Hreinsitækni ehf., HRT þjónustu ehf., and related companies. The share purchase agreement is subject to customary conditions, including the approval of the Icelandic Competition Authority. The Hreinsitækni group is a leading provider of environmental and infrastructure services for municipalities and businesses, with facilities and an equipment fleet in four regions of Iceland. The group employs ap...

November 6, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch