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    KVIKA   IS0000020469

KVIKA BANKI HF.

(KVIKA)
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Delayed Nasdaq Iceland  -  11:04 2022-08-12 am EDT
21.90 ISK   -1.35%
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Kvika banki hf.: Transaction in relation to a share buyback programme

07/03/2022 | 08:30am EDT

In week 26 Kvika banki hf. („Kvika“ or „the bank“) purchased 10,000,000 of its own shares at the purchase price 192,250,000 ISK. See further details below:

Date Time No. of shares purchased Share price (rate) Purchase price
27.6.2022 10:54:27 1,000,000 19.15 19,150,000
27.6.2022 14:35:58 1,000,000 19.3 19,300,000
28.6.2022 14:29:51 1,000,000 19.65 19,650,000
28.6.2022 14:32:42 1,000,000 19.65 19,650,000
29.6.2022 09:36:50 1,000,000 19.1 19,100,000
29.6.2022 13:53:42 1,000,000 19.2 19,200,000
30.6.2022 09:39:53 1,000,000 19.1 19,100,000
30.6.2022 13:48:59 1,000,000 19.1 19,100,000
1.7.2022 14:43:53 2,000,000 19 38,000,000
Total   10,000,000   192,250,000

The trade is in accordance with Kvika‘s buyback programme, announced on 18 May 2022 and based on the authorisation of a shareholders‘ meeting of Kvika held on 31 March 2022.

Kvika held 39,000,000 own shares prior to the notified transaction and has, thus, purchased a total of 49,000,000 shares under the buyback programme, which corresponds to 1.014% of issued shares in the company. Total purchase price is 956,137,500 ISK. Buyback under the programme will amount to a maximum purchase price of 3,000,000,000 ISK.

The buyback programme is in effect from 19 May 2022 until Kvika‘s annual general meeting 2023, unless the maximum purchase price will be reached before that time.

The execution of the buy-back programme must comply with Act on Public Limited Companies, No. 2/1995. In addition, the buy-back programme must be implemented as provided for in the Regulation of the European Parliament and of the Council no. 596/2014, on market abuse, as well as the Commission Delegated Regulation (EU) 2016/1052 on regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures, which supplements that Regulation.

Further information please contact Kvika‘s investor relations at ir@kvika.is


© OMX, source GlobeNewswire - EU Press Releases

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Financials
Sales 2021 22 163 M - -
Net income 2021 10 734 M - -
Net cash 2021 22 165 M - -
P/E ratio 2021 10,5x
Yield 2021 -
Capitalization 104 B 766 M -
EV / Sales 2020 1,74x
EV / Sales 2021 4,79x
Nbr of Employees 353
Free-Float 86,1%
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Managers and Directors
Marinˇ Írn Tryggvason Chief Executive Officer
Ragnar Pßll Dyer Managing Director-Finance
Anna Rut ┴g˙stsdˇttir Managing Director-Operations & Development
Erna Hei­r˙n Jˇnsdˇttir Head-Compliance
Hr÷nn Sveinsdˇttir Independent Director
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