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Conclusion of first tranche of share buyback programme
Globenewswireยท 2025-08-11 09:02
Core Viewpoint - ISS has successfully completed the first tranche of its share buyback program, acquiring a total of 7,409,554 shares for DKK 1,250 million, aimed at redistributing excess cash to shareholders and fulfilling obligations from share-based incentive programs [1][2]. Group 1: Share Buyback Program Details - The share buyback program was initiated on 20 February 2025, with the goal of reducing share capital and meeting obligations from share-based incentive programs [1][2]. - As of the last announcement, ISS had accumulated 7,190,833 shares at an average purchase price of DKK 168.19, totaling DKK 1,209,410,651 [2]. - The transactions conducted from 4 August 2025 to 8 August 2025 included purchases of 45,664 shares at DKK 186.32, 61,521 shares at DKK 186.06, 70,000 shares at DKK 185.21, 25,000 shares at DKK 184.92, and 16,536 shares at DKK 184.30 [2]. - Following these transactions, ISS A/S now holds a total of 6,507,633 treasury shares, representing 3.74% of the total share capital [2]. Group 2: Regulatory Compliance - The share buyback program is conducted in compliance with Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) 2016/1052, ensuring adherence to the Market Abuse Regulation [3]. Group 3: Company Overview - ISS is a leading global provider of workplace and facility service solutions, focusing on enhancing employee engagement and well-being while minimizing environmental impact [4]. - The company employs over 325,000 individuals worldwide and reported a group revenue of DKK 83.7 billion in 2024 [4].