Íslandsbanki hf.: Transactions in relation to a share repurchase programme – week 10
Prenumeration
Beskrivning
| Land | Island |
|---|---|
| Lista | Large Cap Iceland |
| Sektor | Finans |
| Industri | Storbank |
Reference is made to an announcement from Íslandsbanki hf., published 3 March 2025 on the further implementation of a share repurchase programme relating to own shares, initially announced on 14 June 2024. In week 10 Íslandsbanki hf. (the Bank) purchased in total 1,680,000 own shares for the total amount of ISK 202,770,000 as further listed in this announcement.
In week 10 Íslandsbanki hf. (the Bank) purchased in total 1,680,000 own shares for the total amount of ISK 202,770,000 as follows:
| Date | Time | Purchased shares | Price per share | Purchase Price (ISK) | Total own shares |
| 4.3.2025 | 10:26 | 420,000 | 119.25 | 50,085,000 | 119,949,230 |
| 5.3.2025 | 12:20 | 420,000 | 119.50 | 50,190,000 | 120,369,230 |
| 6.3.2025 | 11:07 | 420,000 | 120.25 | 50,505,000 | 120,789,230 |
| 7.3.2025 | 10:04 | 200,000 | 123.00 | 24,600,000 | 120,989,230 |
| 7.3.2025 | 14:33 | 220,000 | 124.50 | 27,390,000 | 121,209,230 |
| 1,680,000 | 202,770,000 |
Before the above purchase in week 10 the Bank owned 119,529,230 own shares, or 5.98% of issued shares. During this round of repurchase of own shares the Bank has purchased in total 1,680,000 own shares or 0.08% of issued shares, and the total purchase price thereunder is ISK 202,770,000.
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 4 March 2025 and remains in force until 26 March 2025, unless the conditions on the maximum amount of shares or purchase price is met before that time.
From the beginning of the share repurchase in February 2023 the Bank has purchased a total of 121,209,230 own shares, or 6.06% 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 rules 1275/2024 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.