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Last week, Origo hf. (ORIGO) purchased a total of 845,169 own shares for ISK 20,932,019 as set out below:
|Date||Time||Purchased shares||Share price||Purchase price||Shares held by Origo after transaction|
The Company's purchase of own shares as set out above is consistent with the Company's Share Repurchase Program, which was approved by the Company's Board of Directors on December 11, 2018 and notified to the Iceland Stock Exchange on the same date.
To date, Origo has purchased a total of 845,169 shares, corresponding to 7.29% of the maximum number of own shares which the Company is permitted to purchase under the Program. The purchase price of the shares totalled ISK 20,932,019. Origo now owns 0.22% of the Company's total share capital, being 465,303,309 shares, having previously held 150,983 shares.
Under the Repurchase Program, the Company is allowed to purchase a maximum of 11,600,000 shares provided that the total purchase price does not exceed ISK 300,000,000. This authorisation is effective until March 7, 2019. The Repurchase Program will be carried out, and transactions in own shares will be disclosed, in accordance with the Act on Public Limited Companies No. 2/1995 and an Annex to Regulation No. 630/2005.
CEO Finnur Oddsson, tel. +354 862 0310 or email@example.com, and CFO Gunnar Petersen, tel. +354 825 9001 or firstname.lastname@example.org.