Viking Holdings authorizes $1 billion share repurchase program

Viking Holdings Ltd has announced that its board of directors has authorized a share repurchase program of up to $1 billion for its outstanding ordinary shares.

Leah Talactac, President and Chief Executive Officer of Viking, stated that the authorization reflects the company’s confidence in its long-term prospects, strong financial position, and ability to generate substantial cash flow. The program is intended to provide flexibility to return capital to shareholders while the company continues to invest in its fleet, guest experience, and future growth opportunities.

Repurchases may be conducted through various methods, including open market purchases, privately negotiated transactions, or accelerated share repurchase transactions, subject to market conditions and legal requirements. The company noted that the program does not obligate it to acquire any specific number of shares or expend a specific amount, and the program may be modified, suspended, or terminated at any time.