ISS A/S ISS A/S (CPSE:ISS) announces a share repurchase program. Under the program, the company will repurchase up to 18,000,000 shares for a total of DKK 1,000 million. The purchase price paid in connection with acquisition of treasury shares must not deviate by more than 10% from the price quoted on Nasdaq Copenhagen at the time of acquisition and the shares may not be bought at a price exceeding the higher of the share price of the last independent transaction on the trading venue where the purchase is carried out and the highest independent purchase bid on the trading venue where the purchase is carried out.
The purpose of the program is to reduce the share capital; and to meet obligations arising from the company's share-based incentive program (LTIP). The program is expected to be completed in two separate tranches of DKK 500 million each. The program will expire on February 19, 2025.
