Reference is made to a press release from
The Bank may purchase up to 36,500,000 shares/SDRs in total under the Program. However, the total consideration repurchased shall not exceed ISK 5 billion. The Bank has already purchased 17,124,178 shares in
The Program will continue to be managed by Landsbankinn hf. with respect to both the Icelandic and Swedish markets. Landsbankinn will act and make trading decisions independently and without influence from the Bank with regards to the timing of purchases. The Program will therefore continue and end no later than
The daily volume limit on repurchase for each market will be 25% of the average daily trading turnover of the Bank’s SDRs or shares on Nasdaq Stockholm and Nasdaq Iceland, as the case may be, during the 20 trading days preceding the date of the purchase.
On Nasdaq Stockholm purchases may only be affected through orders within the band of prices applying on Nasdaq Stockholm. The range of prices pertains to the range between the highest purchase price (best bid) and the lowest selling price (best offer) prevailing and disseminated by Nasdaq Stockholm from time to time, in accordance with Part H of Supplement D of the Nasdaq Nordic Main Market Rulebook for Issuers of Shares, effective as from
On Nasdaq Iceland the purchase price shall not be higher than the price of the last independent trade or the highest current independent bid, whichever is higher, in accordance with Commission delegated regulation no. (EU) 2016/1052 of
The Program is carried out in accordance with applicable law and regulation in
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