14. NÓVEMBER 2022
Origo hf. – Transactions in relation to share buyback program
In week 45, Origo hf. (ORIGO) bought a total of 900,000 own shares for ISK. 77,521,814 as follows:
|Date||Time||Number of shares||Purchase Price||Transaction Value||Own shares after purchase|
The transactions are in accordance with Origo's share buyback program approved by the Board of Directors on March 3 2022, according to an announcement sent to the stock exchange on the same day.
Origo has aquired a total of 900,000 shares, which corresponds to 22.5% of the own shares that should be purchased according to the plan. The purchase price of the purchased shares amounts to a total of ISK 77,521,814. Origo‘s holding of own shares corresponds to 1.14% of the Company's total share capital, which is 435,000,000, whereas previous to this share buybuck program the company owned 4,066,935 shares, or 0.93%.
According to the share buyback program plan, a maximum of 4,000,000 shares will be purchased at nominal value and the amount of the repurchases will not exceed ISK. 350,000,000. The program will end no later than 1 March 2023, or sooner if the conditions for maximum purchases are met before that time.
The share buyback program is implemented in accordance with the Act on Public Limited Companies no. 2/1995 and an appendix to the Regulation on Inside Information and Market Abuse no. 630/2005.
Gunnar Petersen Chief Financial Officer, tel. 825-9001 or firstname.lastname@example.org.