Bifogade filer
Íslandsbanki hf.: Transactions in relation to a share repurchase programme – end of round of buybacks
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 in the amount of ISK 5 billion, initially announced on 17 February 2023.
In week 11 Íslandsbanki hf. (the Bank) has purchased in total 1,081,907 own shares for the total amount of ISK 115,925,956 as follows:
| Date | Time | Purchased shares | Price per share | Purchase price (ISK) | Total own shares |
| 12.3.2024 | 09:55 | 460,000 | 106.0 | 48,760,000 | 34,042,331 |
| 13.3.2024 | 10:49 | 460,000 | 108.0 | 49,680,000 | 34,502,331 |
| 14.3.2024 | 14:40 | 161,907 | 108.0 | 17,485,956 | 34,664,238 |
| Total | 1,081,907 | 115,925,956 |
Before the above buyback in week 11 the Bank owned 33,582,331 own shares, or 1.68% of issued shares.
This round of share buybacks, announced to the market on 29 January 2024 is now concluded. According to the aforementioned announcement, the aim was 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.
During this round of repurchase of own shares the Bank has purchased in total 9,049,907 own shares or 0.45% of issued shares, and the total purchase price thereunder is ISK 999,999,956. The aforementioned total amount in this round has therefore been reached.
From the beginning of the ISK 5 billion share repurchase programme in February 2023 the Bank has purchased a total of 34,664,238 own shares, or 1.73% of issued shares. Since February 2023 the Bank has repurchased shares for the total amount of ISK 3,932,909,059. A proposal on a renewal of the authorisation to repurchase own shares has been submitted to the Bank's Annual General Meeting to be held on 21 March 2024.
The share repurchase programme was 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.