In week 39 Kvika banki hf. („Kvika“ or „the bank“) purchased 8,000,000 of its own shares at the purchase price 197,200,000 ISK. See further details below:
Date | Time | No. of shares purchased | Share price (rate) | Purchase price |
09:49:05 | 2,000,000 | 24.00 | 48,000,000 | |
12:35:57 | 1,000,000 | 24.80 | 24,800,000 | |
12:40:54 | 1,000,000 | 24.80 | 24,800,000 | |
10:02:44 | 2,000,000 | 24.80 | 49,600,000 | |
10:47:22 | 2,000,000 | 25.00 | 50,000,000 | |
Total | 8,000,000 | 197,200,000 |
The trade is in accordance with Kvika‘s buyback programme, announced on
Kvika held 91,500,000 own shares prior to the notified transacton and has, thus, purchased a total of 99,500,000 shares under the buyback programme, which corresponds to 2.09% of issued shares in the company. Total purchase price is 2,390,287.,500 ISK. Buyback under the programme will amount to a maximum of 117,256,300 million shares. Additionally TM tryggingar hf., Kvika‘s subsidiary, owns 6,400,000 shares which it owned when Kvika and TM hf. merged.
The buyback programme is in effect from
The buyback programme was executed in accordance with Chapter VIII. of Act No. 2/1995 on Public Limited Companies and Chapter II of the Annex to Regulation No. 630/2005 on Inside Information and Market Abuse, “Trade in own shares under buy-back programmes and the stabilisation of financial instruments”, with later amendments.
Further information: Halldór Karl Högnason, Head of
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