Group 1 - The company Reitir has been authorized to buy back up to 10% of its own shares to establish a trading market and/or to implement a formal buyback plan [1] - The board of Reitir has decided to execute a new buyback plan aimed at reducing the company's issued share capital, with a total of 697,000,000 shares issued and 8,400,000 shares or 1.21% owned by the company at the start of the buyback plan [2] - It is estimated that up to 3,600,000 shares, equivalent to 0.52% of the issued share capital, will be purchased, with the total buyback amount not exceeding 440 million ISK [3] Group 2 - The buyback plan will commence on September 24, 2025, and will remain in effect until either the specified volume or amount is reached, but no longer than February 28, 2026 [3] - The maximum price for each share will be the highest price in the last independent transaction or the highest available independent buy offer in the Nasdaq trading system in Iceland, whichever is higher [4] - Landsbankinn will execute the buyback plan on behalf of the company, and transactions will be reported no later than the end of the seventh trading day after the transactions occur [5]
REITIR: Tilkynning um framkvæmd nýrrar endurkaupaáætlunar
Globenewswire·2025-09-23 17:10