Íslandsbanki hf.: Transactions in relation to a share repurchase programme
Kurs & Likviditet
Prenumeration
Beskrivning
| Land | Island |
|---|---|
| Lista | Large Cap Iceland |
| Sektor | Finans |
| Industri | Storbank |
Reference is made to an announcement from Íslandsbanki hf., published 29 January 2024 on the further implementation of a share repurchase programme, initially announced on 17 February 2023.
In week 10 Íslandsbanki hf. (the Bank) purchased in total 2,100,000 own shares for the total amount of ISK 225,872,000 as follows:
| Date | Time | Purchased shares | Price per share | Purchase Price (ISK) | Total Own Shares |
| 4.3.2024 | 11:12 | 250,000 | 108.0 | 27,000,000 | 31,732,331 |
| 5.3.2024 | 10:33 | 460,000 | 108.0 | 49,680,000 | 32,192,331 |
| 6.3.2024 | 9:55 | 462,000 | 108.0 | 49,896,000 | 32,654,331 |
| 7.3.2024 | 14:27 | 460,000 | 107.0 | 49,220,000 | 33,114,331 |
| 8.3.2024 | 9:45 | 118,000 | 107.0 | 12,626,000 | 33,232,331 |
| 8.3.2024 | 9:51 | 350,000 | 107.0 | 37,450,000 | 33,582,331 |
| 2,100,000 | 225,872,000 |
Before the above purchase in week 10 the Bank owned 31,482,331 own shares, or 1.57% of issued shares. During this round of repurchase of own shares the Bank has purchased in total 7,968,000 own shares or 0.40% of issued shares, and the total purchase price thereunder is ISK 866,449,000.
This round of share buybacks aims to repurchase own shares for the maximum amount of 9.5 million shares or 0.475% of issued shares, the total amount of repurchased shares however not exceeding ISK 1,000,000,000 in total. This round of share buybacks commenced on 30 January 2024 and remains in force until 20 March 2024, unless the conditions on the maximum amount of shares or purchase price is met before that time.
From the beginning of the share repurchase programme in February 2023 the Bank has purchased a total of 33,582,331 own shares, or 1.68% of issued shares.
The share repurchase programme will be carried out in accordance with the applicable law, including the Act on limited liability companies No. 2/1995, Regulation No. 596/2014 of the European Parliament and of the Council on market abuse, Commission delegated regulation (EU) 2016/1052 of 8 March 2016, the Act on Measures Against Market Abuse No. 60/2021 and regulation 320/2022 on the same subject. The approval of the Financial Supervisory Authority of the Central Bank of Iceland for the Bank's repurchase of own shares has been obtained.