Íslandsbanki hf.: Transactions in relation to a share repurchase programme
Prenumeration
Beskrivning
| Land | Island |
|---|---|
| Lista | Large Cap Iceland |
| Sektor | Finans |
| Industri | Storbank |
Reference is made to an announcement from Íslandsbanki hf., published 26 October 2023 on the further implementation of a share repurchase programme, initially announced on 17 February 2023.
In week 47 Íslandsbanki hf. (the Bank) purchased in total 1,312,944 own shares for the total amount of ISK 138,520,090 as follows:
| Week | Date | Time | Purchased shares | Price | Purchase price (ISK) | Total Own Shares |
| 47 | 20.11.23 | 10:12:22 | 100,000 | 106.00 | 10,600,000 | 12,265,085 |
| 47 | 20.11.23 | 12:42:02 | 1,173 | 103.50 | 121,406 | 12,266,258 |
| 47 | 20.11.23 | 14:57:50 | 1,000 | 103.50 | 103,500 | 12,267,258 |
| 47 | 20.11.23 | 15:29:34 | 5,090 | 104.00 | 529,360 | 12,272,348 |
| 47 | 20.11.23 | 15:29:34 | 5,049 | 104.00 | 525,096 | 12,277,397 |
| 47 | 20.11.23 | 15:29:34 | 632 | 104.00 | 65,728 | 12,278,029 |
| 47 | 21.11.23 | 10:10:02 | 100,000 | 104.00 | 10,400,000 | 12,378,029 |
| 47 | 21.11.23 | 11:24:23 | 100,000 | 104.00 | 10,400,000 | 12,478,029 |
| 47 | 21.11.23 | 15:30:36 | 200,000 | 104.00 | 20,800,000 | 12,678,029 |
| 47 | 23.11.23 | 11:07:49 | 100,000 | 104.25 | 10,425,000 | 12,778,029 |
| 47 | 23.11.23 | 12:24:40 | 100,000 | 104.25 | 10,425,000 | 12,878,029 |
| 47 | 23.11.23 | 15:11:35 | 200,000 | 104.25 | 20,850,000 | 13,078,029 |
| 47 | 24.11.23 | 11:12:58 | 100,000 | 109.00 | 10,900,000 | 13,178,029 |
| 47 | 24.11.23 | 12:46:07 | 100,000 | 109.00 | 10,900,000 | 13,278,029 |
| 47 | 24.11.23 | 14:49:56 | 100,000 | 107.50 | 10,750,000 | 13,378,029 |
| 47 | 24.11.23 | 15:10:03 | 100,000 | 107.25 | 10,725,000 | 13,478,029 |
| 1,312,944 | 138,520,090 |
Before the purchase in week 47 the Bank owned 12,165,085 own shares, or 0.61% of issued shares. During this round of repurchase of own shares the Bank has purchased in total 5,997,198 own shares or 0.30% of issued shares, and the total purchase price thereunder is ISK 624,962,133.
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 27 October 2023 and remains in force until 27 February 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 13,478,029 own shares, or 0.67% of issued shares.
The 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.