Eimskip Registers Share Capital Reduction Following Buy-Back Program
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Key Points
- Eimskip registered a share capital reduction of ISK 2,300,000.
- The reduction was approved at the Annual General Meeting on March 26.
- It was implemented by canceling 2,300,000 treasury shares from a buy-back program.
- The total nominal share capital is now ISK 180,000,000, comprising 180,000,000 shares.
- Each share carries one voting right, totaling 180,000,000 voting rights.
Eimskip has officially registered a reduction in its share capital, a decision that stemmed from its Annual General Meeting (AGM) held on March 26. The reduction, amounting to ISK 2,300,000, is directly related to the company's previously implemented share buy-back program. This move aligns with the Board of Directors' proposal, which was approved by shareholders during the AGM.
The share capital reduction was executed by canceling 2,300,000 treasury shares that Eimskip had acquired through its buy-back initiative. Following this cancellation, the total nominal value of Eimskip's share capital now stands at ISK 180,000,000. Each share maintains a nominal value of ISK 1.
Consequently, the total number of shares issued by Eimskip has been adjusted to 180,000,000. Each of these shares carries one voting right, meaning the total number of voting rights in the company is also 180,000,000. This registration ensures that the company's official records reflect the changes approved by its shareholders and executed by the Board.
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GlobeNewswire
"Eimskip: Registration of share capital reduction, total number of shares and voting rights"
April 9, 2026