Icon Energy Corp announce that its Board of Directors has authorised a programme under which the Company may, from time to time, repurchase up to an aggregate of US$1 million of its outstanding common shares through December 31, 2026.
Repurchases of common shares under 'the Program' may be made, from time to time, in privately negotiated transactions, in open market transactions, or by other means, including through trading plans intended to qualify under Rule 10b-18 and/or Rule 10b5-1 of the US Securities Exchange Act of 1934, as amended. The amount and timing of any repurchases made under 'the Program' will be in the Company’s sole discretion and will depend on a variety of factors, including legal requirements, market conditions, other investment opportunities, available liquidity, and the prevailing market price of the common shares. 'The Program' does not obligate the Company to repurchase any dollar amount or number of common shares, and 'the Program' may be suspended or discontinued at any time at the Company’s discretion.
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