Viking Board Authorizes Up to $1 Billion Share Buyback
Viking ended 2024 with eighty-three river vessels, eleven ocean ships and two expedition ships; the authorization can be suspended or terminated at any time.
Viking Holdings’ board has authorized the repurchase of up to $1 billion of the company’s outstanding ordinary shares. The authorization does not commit Viking to purchase a specific number of shares or spend a minimum amount. It may be modified, suspended or terminated at any time.
“The share repurchase authorization reflects confidence in Viking’s long-term prospects, strong financial position and ability to continue generating substantial cash flow,” President and Chief Executive Officer Leah Talactac said.
Talactac said the authorization also provides flexibility to invest in Viking’s fleet, guest experience and future growth. Viking ended 2024 with 96 ships. The fleet comprised 83 river vessels, 11 ocean ships and two expedition ships, according to its annual report.
Repurchases may be conducted through open-market purchases, privately negotiated transactions, accelerated share repurchase transactions or other methods permitted under applicable legal requirements. Viking may also establish trading plans intended to qualify under Rules 10b-18 or 10b5-1 of the Securities Exchange Act of 1934.
The timing, price and volume of any purchases will depend on business, market and economic conditions, prevailing share prices, regulatory requirements, available capital and alternative investment opportunities.
