Íslandsbanki hf.: Results of buybacks of own shares through reverse auction
Prenumeration
Beskrivning
| Land | Island |
|---|---|
| Lista | Large Cap Iceland |
| Sektor | Finans |
| Industri | Storbank |
Íslandsbanki hf. (the "Bank") decided to accept offers for 211,000 shares at the price of ISK 121.0 per share during the repurchase of own shares announced on Thursday, 24 October 2024 (the "Repurchase"). The Bank accepted all offers it was permitted by law to accept. The settlement date of accepted offers is Tuesday, 29 October 2024.
The Repurchase is carried out in accordance with the applicable law, including the Act on Limited Liability Companies No. 2/1995 and Regulation No. 596/2014 of the European Parliament and the Council on market abuse (MAR), cf. Act on Measures Against Market Abuse No. 60/2021, implementing MAR into Icelandic legislation. The approval of the Financial Supervisory Authority of the Central Bank of Iceland for the Bank's repurchase of own shares has been obtained.
Following the Repurchase, the Bank owns 87,440,363 own shares, equivalent to 4.37% of the Bank's issued share capital.
This announcement is released by Íslandsbanki hf. and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), encompassing information relating to the buyback described above. For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is made by Ellert Hlöðversson, CFO of Íslandsbanki hf.