Síminn launches ISK 500 million share buyback program

Reuters2026/08/24 09:25

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Síminn launched a share buyback program with a maximum purchase price of ISK 500 million.
The mandate allows treasury shares up to 10% of share capital, capped at ISK 240 million in nominal value.
Arion Bank will execute the buyback independently, controlling trade decisions and timing.
Daily purchases capped at 542,951 shares, equal to 25% of average daily trading volume in July 2026.
The program starts today, runs up to 18 months, no later than the 2027 annual meeting.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Síminn hf. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608240525OMX_____CNEWS_IS_GNW1001259006_is) on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Síminn launches ISK 500 million share buyback program

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