Skel fjárfestingafélag hf.: Routine Announcement Regarding Share Buybacks Pursuant to Buyback Program
During week 28 of 2026, Skel purchased 1,484,421 treasury shares for a total purchase price of ISK 25,675,846, as follows:
| Week | Date | time | quantity | price | Amount | treasury shares |
|---|---|---|---|---|---|---|
| Vika 28 | 6.7.2026 | 15:08 | 30,231 | 17.10 | 516,950 | 3,766,810 |
| Vika 28 | 8.7.2026 | 13:39 | 480,000 | 17.10 | 8,208,000 | 4,246,810 |
| Vika 28 | 9.7.2026 | 13:10 | 474,190 | 17.40 | 8,250,906 | 4,721,000 |
| Vika 28 | 10.7.2026 | 14:06 | 500,000 | 17.40 | 8,700,000 | 5,221,000 |
The purchases are in accordance with the company’s share buy-back programme, which was launched on the basis of an authorisation granted by the Annual General Meeting of SKEL fjárfestingafélag hf. on 5 March 2026, cf. the market announcement published on 28 April 2026. The company intends to purchase own shares within the limits authorised by the Annual General Meeting, provided that the total amount of the buy-backs does not exceed a predetermined maximum based on the purchase price. The buy-back programme will remain in effect until either of the above criteria regarding volume or amount has been reached, unless terminated earlier by decision of the company.
SKEL has now purchased a total of 5,221,000 own shares in the company for a purchase price of ISK 86,695,019 corresponding to 0.28% of the company’s total share capital, which amounts to 1,878,479,032 shares.
The implementation of the share buy-back programme is in accordance with the authorisation granted by the Annual General Meeting, the Icelandic Act on Public Limited Companies No. 2/1995 and the Act on Measures Against Market Abuse No. 60/2021, cf. Regulation (EU) No. 596/2014 of the European Parliament and of the Council on market abuse and Commission Delegated Regulation (EU) No. 2016/1052 on technical standards and the conditions applicable to buy-back programmes.