Eimskip: Share buy-back program initiated

Core Points - Eimskip's shareholders approved a share buy-back program allowing the company to repurchase up to 10% of its issued shares, valid for 18 months from the Annual General Meeting on 27 March 2025 [1] - The Board of Directors has initiated a buy-back program to reduce share capital and fulfill obligations related to the stock option plan, with a maximum of 2,250,000 shares to be acquired at a total cost not exceeding ISK 750,000,000 [2] - The purchase price for shares will not exceed the last independent trade price or the highest independent bid on Nasdaq Iceland at the time of transaction [3] Buy-Back Program Details - The buy-back program will be managed by ACRO verðbréf hf., which will independently execute purchases and determine transaction timing [4] - The buy-back will utilize a reverse tender offer through a Dutch auction method, allowing all shareholders to submit offers to sell their shares [4] - Eimskip reserves the right to accept or reject any offers in whole or in part [4] Compliance and Execution - The buy-back program must comply with the Act on Public Limited Companies, EU regulations on market abuse, and the Icelandic Act on Measures Against Market Abuse [5] - Offers to sell shares must be submitted to ACRO verðbréf hf. by 08:30 on 30 September 2025, with results announced by 09:30 the same day [6] - Settlement of accepted offers will occur on 2 October 2025, with Eimskip holding 1,725,320 treasury shares prior to the buy-back program [6]