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 on 22 March 2024 on the further implementation of a share repurchase programme relating to own shares in the amount of ISK 5 billion, initially announced on 17 February 2023.
In week 17 Íslandsbanki hf. (the Bank) purchased in total 397,368 own shares for the total amount of ISK 40,058,037 as follows:
| Date | Time | Purchased shares | Price per share | Purchase Price (ISK) | Total Own Shares |
| 22.4.2024 | 13:01:52 | 176 | 100.50 | 17,688 | 38,049,775 |
| 22.4.2024 | 14:05:59 | 2,531 | 100.50 | 254,366 | 38,052,306 |
| 22.4.2024 | 14:16:59 | 48,207 | 100.50 | 4,844,804 | 38,100,513 |
| 22.4.2024 | 14:16:59 | 46,793 | 100.50 | 4,702,697 | 38,147,306 |
| 23.4.2024 | 13:56:43 | 161 | 100.50 | 16,181 | 38,147,467 |
| 23.4.2024 | 14:12:51 | 500 | 100.50 | 50,250 | 38,147,967 |
| 24.4.2024 | 09:50:30 | 249,500 | 101.00 | 25,199,500 | 38,397,467 |
| 26.4.2024 | 09:36:15 | 4,394 | 100.00 | 439,400 | 38,401,861 |
| 26.4.2024 | 10:13:00 | 18,500 | 100.50 | 1,859,250 | 38,420,361 |
| 26.4.2024 | 11:00:59 | 26,606 | 100.50 | 2,673,903 | 38,446,967 |
| Total this week | 397,368 | 40,058,037 |
Before the above purchase in week 17 the Bank owned 38,049,599 own shares, or 1.90% of issued shares. During this round of repurchase of own shares the Bank has purchased in total 3,782,729 own shares or 0.19% of issued shares, and the total purchase price thereunder is ISK 383,125,926.
This round of share buybacks aims to repurchase own shares of the maximum amount of 10 million shares or 0.50% of issued shares, the total purchase price for repurchased shares however not exceeding ISK 1,000,000,000 in total. This round of share buybacks commenced on 25 March 2024 and remains in force until 30 June 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 38,446,967 own shares, or 1.92% 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.