Bifogade filer
Íslandsbanki hf.: Transactions in relation to a share repurchase programme. Published: 2023-10-30 18:03:00 CET
Prenumeration
Beskrivning
| Land | Island |
|---|---|
| Lista | Large Cap Iceland |
| Sektor | Finans |
| Industri | Storbank |
In a release published on 30 October 2023 the total purchase price and break down of purchase price for individual trades for Íslandsbanki's own shares purchased in week 43 was incorrectly stated. The correct total amount for the 300,000 own shares purchased in week 43 is ISK 31,600,000. See corrected information below.
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 43 Íslandsbanki hf. (the Bank) purchased in total 300,000 own shares for the total amount of ISK 31,600,000 in accordance with this announcement.
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 43 Íslandsbanki hf. (the Bank) purchased in total 300,000 own shares for the total amount of ISK 31,600,000 as follows:
| Week | Date | Time | Purchased shares | Price | Purchase Price (ISK) | Total own shares |
| 43 | 27.10.23 | 12:46:43 | 100,000 | 105 | 10,500,000 | 7,580,831 |
| 43 | 27.10.23 | 13:41:00 | 100,000 | 105 | 10,500,000 | 7,680,831 |
| 43 | 27.10.23 | 15:12:20 | 100,000 | 106 | 10,600,000 | 7,780,831 |
| 300,000 | 31,600,000 |
Before the purchase the Bank owned 7,480,831 own shares, or 0.37% of issued shares. During this round of repurchase of own shares the Bank has purchased in total 300,000 own shares or 0.015% of issued shares, and the total purchase price thereunder is ISK 31,600,000. From the beginning of the share repurchase programme in February 2023 the Bank has purchase a total of 7,780,831 own shares, or 0.39% of issued shares.
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.
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.