In week 28 Kvika banki hf. („Kvika“ or „the bank“) purchased 7,500,000 of its own shares at the purchase price 155,925,000 ISK. See further details below:
Date | Time | No. of shares purchased | Share price (rate) | Purchase price |
13:48:08 | 1,000,000 | 20.95 | 20,950,000 | |
09:38:36 | 500,000 | 20.6 | 10,300,000 | |
11:15:10 | 500,000 | 20.65 | 10,325,000 | |
11:12:30 | 500,000 | 20.7 | 10,350,000 | |
12:18:53 | 1,000,000 | 20.9 | 20,900,000 | |
09:54:00 | 500,000 | 20.8 | 10,400,000 | |
10:40:36 | 1,000,000 | 20.8 | 20,800,000 | |
10:48:26 | 500,000 | 20.8 | 10,400,000 | |
13:40:40 | 2,000,000 | 20.75 | 41,500,000 | |
Total | 7,500,000 | 155,925,000 |
The trade is in accordance with Kvika‘s buyback programme, announced on
Kvika held 51,600,000 own shares prior to the notified transaction and has, thus, purchased a total of 59,100,000 shares under the buyback programme, which corresponds to 1.223% of issued shares in the company. Total purchase price is 1,162,740,000 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
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
For further information please contact Kvika‘s investor relations at ir@kvika.is
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