Íslandsbanki hf.: Transactions in relation to a share repurchase programme – week 7
Prenumeration
Beskrivning
| Land | Island |
|---|---|
| Lista | Large Cap Iceland |
| Sektor | Finans |
| Industri | Storbank |
Reference is made to an announcement from Íslandsbanki hf., published 22 January 2025 on the further implementation of a share repurchase programme relating to own shares, initially announced on 14 June 2024. In week 7 Íslandsbanki hf. (the Bank) purchased in total 1,800,000 own shares for the total amount of ISK 231,581,250 as further listed in this announcement.
In week 7 Íslandsbanki hf. (the Bank) purchased in total 1,800,000 own shares for the total amount of ISK 231,581,250 as follows:
| Date | Time | Purchased shares | Price per share | Purchase Price (ISK) | Total own shares |
| 11.2.2025 | 09:41 | 450,000 | 128.5 | 57,825,000 | 117,384,211 |
| 12.2.2025 | 09:36 | 450,000 | 128.5 | 57,825,000 | 117,834,211 |
| 13.2.2025 | 13:09 | 450,000 | 129.125 | 58,106,250 | 118,284,211 |
| 14.2.2025 | 09:52 | 450,000 | 128.5 | 57,825,000 | 118,734,211 |
| Total | 1,800,000 | 231,581,250 |
Before the above purchase in week 7 the Bank owned 116,934,211 own shares, or 5.85% of issued shares. During this round of repurchase of own shares the Bank has purchased in total 7,200,000 own shares or 0.36% of issued shares, and the total purchase price thereunder is ISK 896,906,250.
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 23 January 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 118,734,211 own shares, or 5.94% 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 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.